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carry back

 

Definitions from WordNet

Verb carry back has 1 sense
  1. carry back - deduct a loss or an unused credit from taxable income for a prior period
    --1 is one way to
    deduce, infer, deduct, derive
    Sample sentence:
    Somebody ----s something

Definitions from the Web

Carry Back

Senses and Usages:

1. Verb (Phrasal Verb) - To Transport Something or Someone to a Previous Location:

The term "carry back" as a phrasal verb refers to the action of transporting something or someone to a previous location. It can be used in various contexts and situations.

Example Sentences:
  1. After finishing the picnic, they had to carry back all the empty bottles and trash to their car.
  2. The delivery person forgot an item, so he will carry it back to the customer's house tomorrow.

2. Verb (Phrasal Verb) - To Recall or Remember Something from the Past:

As a phrasal verb, "carry back" can also mean to recall or remember something from the past; typically referring to memories or experiences.

Example Sentences:
  1. The song playing at the party carried her back to her teenage years.
  2. Listening to his grandfather's stories always carries him back to his childhood summers.

3. Noun - A Tax Deduction Applied to Past Income:

As a noun, "carry back" is used in finance to describe a tax deduction applied to past income or losses. The carry back provision allows for adjustments to be made to prior tax returns.

Example Sentences:
  1. The company utilized the carry back provision to apply last year's losses to reduce their taxable income this year.
  2. The accountant advises considering the carry back option to maximize the tax benefits.

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