ALL meanings of carryback
car·ry·back
C c - noun carryback (accounting, taxation) A income tax loss or credit that can be applied to offset previously taxed income or taxes paid, respectively. 1
- noun carryback (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). 1