HomeDefinitionsCompareDebt Tax loss carryback, carryforwardThe financial definition for Tax loss carryback, carryforward:A tax benefit that allows business losses to be used to reduce tax liability in previous and or following years. Similar MatchesCarryforwardsCarryforwardsTax losses allowed to be applied to offset future income in some specified number of future years. Net operating loss carryforwardsNet operating loss carryforwardsApplication of losses to offset earnings in future years. Click to compare definitions of Tax loss carryback, carryforward Click to view definitions beginning ta |