[20210513]IN11296_冠状病毒援助、救济和经济安全（CARES）法案中净运营损失（NOL）的税务处理.pdf

CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Tax Treatment of Net Operating Losses (NOLs) in the Coronavirus Aid, Relief, and Economic Security (CARES) Act Updated May 13, 2021 Increased benefits from net operating losses (NOLs) had been discussed as part of the response to the economic effects of the COVID-19 pandemic. The Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136) included a provision increasing tax benefits for NOLs. This revision temporarily suspends current rules that were last revised in the 2017 tax revision, popularly known as the Tax Cuts and Jobs Act (TCJA; P.L. 115-97). Temporary Revisions in the CARES Act Under current permanent law (enacted in the TCJA and effective in 2018), when a firm has a loss (a net operating loss, or NOL), taxes are not reduced immediately beyond zero. Rather, the business owes no income tax in that tax year and the loss can be carried forward indefinitely. In subsequent years, the NOL can be used to reduce up to 80% of taxable income, reducing taxes in the future. Individual taxpayers losses that can be offset against nonbusiness income are limited to $500,000 for joint returns ($2