Carryback

Business, Legal & Accounting Glossary

Definition: Carryback




What is the dictionary definition of Carryback?

Dictionary Definition


n. in taxation accounting, using a current tax year’s deductions, business losses or credits to refigure and amend a previously filed tax return to reduce the tax liability.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/carryback/
Modern Language Association (MLA):
Carryback. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 23, 2021 https://payrollheaven.com/define/carryback/.
Chicago Manual of Style (CMS):
Carryback. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/carryback/ (accessed: September 23, 2021).
American Psychological Association (APA):
Carryback. PayrollHeaven.com. Retrieved September 23, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/carryback/

Definition Sources


Definitions for Carryback are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 1 Views.