carryforward

[kar-ee-fawr-werd] /ˈkær iˈfɔr wərd/
noun
1.
carry-over.
2.
(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 subsequent years, chiefly in order to ease the tax burden.
Compare carry·back.
Origin
1895-1900; noun use of verb phrase carry forward
Examples from the web for carryforward
  • Any refund resulting from the carryforward of the new jobs credit should be included in the tentative refund amount.
  • Any tax credit carryforward that will expire be claimed before any tax credit carryforward that will expire later.
  • carryforward of realized losses on shares owned less than three years is allowed.