Definition of "carryforward" []

• An income tax loss or credit not usable in the current year that can be applied to offset income or taxes paid, respectively, in subsequent tax years. (noun)

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• "So, we will be in the market, we'll consistently discuss this with our board, but at the current time plan to kind of carryforward as we put plans in place at the beginning of the year."
• "The measure provides rules that allow for the "carryforward" into subsequent years of unused limitations and excess credit."
• "The measure also allows taxpayers to claim the credit against the AMT, and allows taxpayers to "carryforward" unused credits under certain circumstances."