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 carryback
Word origin
[1895–1900; n. use of v. phrase carry forward]
Examples of 'carryforward' in a sentence
carryforward
In world championship events, there is often a carryforward into the knockout stages.
Times, Sunday Times (2017)
You may be able to use the carryforward rules.
Times, Sunday Times (2017)
However, the total contribution must not exceed your earnings in the tax year when you use the carryforward.