Ck A 2025 Nol Carryover. Specifically, tcja changed the nol rules by: A net operating loss (nol) or tax loss carryforward is a tax provision that allows firms to carry forward losses from prior years to offset future profits, and, therefore, lower future income taxes.
A net operating loss (nol) carryforward allows businesses suffering losses in one year to deduct them from future yearsโ profits. The nol deduction allows the business to offset the 2024 profit with the 2023 loss, resulting in zero taxable income for 2024.