carryforward

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noun

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.

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Meanings

nouncarryforward (plural carryforwards)

plural carryforwards

  1. accountingAn 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.

Origin

From carry + forward.

Full word history & related roots →
Cite this entry
APA

carryforward. (n.d.). In WatkinsX Dictionary. Retrieved November 2, 2026, from https://dictionary.watkinsx.com/word/carryforward

MLA

“carryforward.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/carryforward. Accessed November 2, 2026.

Chicago

WatkinsX Dictionary, s.v. “carryforward,” accessed November 2, 2026, https://dictionary.watkinsx.com/word/carryforward.

Source: carryforward on Wiktionary, CC BY-SA 4.0.