Corporate Nol Limitation 2024 Nol. Limitation for massachusetts under 830 cmr 63.30.2(9)(b). Under tcja, c corporations must limit nol deductions to 80% of taxable income in any given year.

The 80% limitation on taxable income only applies to the use of nols in. The rules state that the amount of the nol is limited to 80% of the excess of taxable income without respect to any § 199a (qbi), § 250 (gilti), or the nol.