Corporate Nol Limitation 2024 80%. The amendments to the carryback/carryforward. 80% (or 100% for nols generated in tax years beginning before 2021) of taxable income computed without regard to the allowable nol deduction;
Additionally, the cares act suspends the 80% of taxable income limitation on the use of nols for tax years beginning before january 1, 2021. If your 2023 return includes an nol deduction from an nol year before 2018 that reduced your taxable income to zero (to less than zero, if an estate or trust), see nol carryover from 2023.