carryback

Meaning

Noun

  • A income tax loss or credit that can be applied to offset previously taxed income or taxes paid, respectively.

Origin

  • carry + back

Modern English dictionary

Explore and search massive catalog of over 900,000 word meanings.

Word of the Day

Get a curated memorable word every day.

Challenge yourself

Level up your vocabulary by setting personal goals.

And much more

Try out Vedaist now.