Signature Tax Event 2022 Deck FINAL | Page 24
Limiting the NOL deduction to 80 % of taxable income Disallowing NOL carrybacks , and Lifting the 20-year limit on NOL carryovers
TCJA Changes to Net Operating Loss Rules
• In 2017 , TCJA changed the NOL rules by :
Limiting the NOL deduction to 80 % of taxable income Disallowing NOL carrybacks , and Lifting the 20-year limit on NOL carryovers
Signature Tax Event 2022 Deck FINAL | Page 23
Signature Tax Event 2022 Deck FINAL | Page 25