Nol Carryback Rules 2025. Under the recently passed coronavirus aid, relief, and economic security (cares) act , any nol arising in a tax year beginning after december 31, 2017 and before. Changes to nol rules under irc section 172(a) the cares act temporarily suspends the 80% taxable income limitation on the use of a net operating loss (nol) to offset.

Section 2303 of the “coronavirus aid, relief, and economic security act,” pub. Businesses and individuals must reevaluate their tax strategies in.