What does "carryforward" mean?

An income tax loss or credit not usable in the current year that can be applied to offset income or taxes paid, respectively, in subsequent tax years.

Carryforward

noun

noun ·4 syllables ·Rare ·Advanced level

Definitions

Noun

1
An income tax loss or credit not usable in the current year that can be applied to offset income or taxes paid, respectively, in subsequent tax years.

Etymology

From carry + forward.

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Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.