December 9, 2025
One of the key business provisions in the Big Beautiful Bill expands the Net Operating Loss (NOL) rules through 2028. Here’s what changed:
- Previously, NOLs could only offset up to 80% of taxable income
- Now, businesses can use NOLs to fully offset 100% of taxable income in a given year
- This applies to both new and carried-forward losses
This provides significant planning flexibility — especially for clients with fluctuating income, large investments, or cyclical industries.
We’ll review your prior and current-year returns to determine whether you can carry forward or carry back NOLs to generate refunds or reduce this year’s tax bill.
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