net operating loss carryforward
Slash Small Business Taxes With 2025 NOL Rules
The 2025 reconciliation law trims the net operating loss (NOL) carryforward limit from 100% to 80% of taxable income, a 20% reduction that can cut tax-shelter potential by up to 75% for qualifying firms. Because the cap applies annually, businesses must adjust their loss-utilization strategy each year, impacting cash flow