car·​ry·​for·​ward | \ ˈker-ē-ˈfȯr-wərd How to pronounce carryforward (audio) , ˈka-rē-, -ˌfȯr-, Southern also -ˈfär-, -ˌfär- \

Definition of carryforward

Examples of carryforward in a Sentence

Recent Examples on the Web In this case, Gannett adopted the plan because of a tax law that would significantly reduce its tax net operating loss carryforwards, known as NOLs, if investors owning more than 5% of the company's stock acquired shares totaling 50% or more. Nathan Bomey, USA TODAY, "Gannett adopts 'poison pill' to preserve tax benefits," 7 Apr. 2020 Penney adopted the poison pill because an ownership change would substantially limit the use of the tax carryforwards under IRS code. Maria Halkias, Dallas News, "J.C. Penney’s poison pill is about to expire," 22 Jan. 2020 Its federal net operating loss carryforwards—accumulated losses that offset future taxable income—rose to $627 million at the end of 2018 from $226 million a year earlier, according to securities filings. Richard Rubin, WSJ, "Does Amazon Really Pay No Taxes? Here’s the Complicated Answer," 14 June 2019 Its federal tax credit carryforward—accumulated credits that offset future taxes—rose to $1.4 billion from $855 million, largely because of the research-and-development credit. Richard Rubin, WSJ, "Does Amazon Really Pay No Taxes? Here’s the Complicated Answer," 14 June 2019 In this category are the benefits for accelerated depreciation, net-loss carryforwards, and incentive stock options, among others. Laura Saunders, WSJ, "Who Will and Won’t Pay the AMT, America’s Rich-Person Tax?," 18 May 2018 Other than likely legal wrangling — and a possible restart of budget negotiations, the House and Senate may have to fund their business through their reserve funds, also known as carryforward funds. Rachel E. Stassen-berger, Twin Cities, "Gov. Mark Dayton vetoed funding for the Legislature. That’s clear. But what happens next?," 1 June 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'carryforward.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of carryforward

1898, in the meaning defined above

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The first known use of carryforward was in 1898

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Cite this Entry

“Carryforward.” Dictionary, Merriam-Webster, Accessed 18 Sep. 2020.

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car·​ry·​for·​ward | \ ˌkar-ē-ˈfōr-wərd How to pronounce carryforward (audio) \

Legal Definition of carryforward

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