carryback

[ kar-ee-bak ]

noun
  1. (in U.S. income-tax law) a special provision allowing part of a net loss or of an unused credit in a given year to be apportioned over one or two preceding years, chiefly in order to ease the tax burden.: Compare carry·forward (def. 2).

Origin of carryback

1
First recorded in 1940–45; noun use of verb phrase carry back

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use carryback in a sentence

  • Return rather to your own country, even if you have to carry back some of the goods you have brought.

    A Frontier Mystery | Bertram Mitford
  • I will carry back ten thousand of their champions, chained in pairs, to make sport for my fickle people here in Babylon.

    Sarchedon | G. J. (George John) Whyte-Melville
  • Let all the men in the front of this crowd carry back their guns and stack them at the rear.

    The Code of the Mountains | Charles Neville Buck
  • This was the definite fact which Matt could carry back with him to Northwick's family, and this they knew already.

    The Quality of Mercy | W. D. Howells
  • I had come above three hundred miles on purpose to get a cayman uninjured, and not to carry back a mutilated specimen.

    Wanderings in South America | Charles Waterton

British Dictionary definitions for carry back

carry back

/ tax accounting /


verb
  1. (tr, adverb) to apply (a legally permitted credit, esp an operating loss) to the taxable income of previous years in order to ease the overall tax burden

nouncarry-back
  1. an amount carried back

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012