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Nol Carryforward Limitation 2025 Calculator. For federal income tax purposes, the nol for a given year is: Recently enacted legislation extends the state corporation business tax net operating loss (nol) carryforward period from 20 to 30 income years, applicable for nols incurred in income years.
In case the company does not want to carry the nol back or cannot due to prior years nols, it can choose to carry it forward and apply them to future taxable income for. Businesses thus are taxed on average profitability, making the tax code more neutral.
