Taxes 🏛 IRS

Net Operating Loss (NOL) Deduction

Businesses with losses exceeding income may carry forward NOLs to offset future taxable income. Post-2017 NOLs may be carried forward indefinitely but limited to 80% of taxable income per year. NOL carrybacks were eliminated for most businesses by the Tax Cuts and Jobs Act.

Source Agency
IRS

Last Verified
March 1, 2026

Next Review
May 30, 2026

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