For $2024$ the maximum amount of taxable income that can be upset with non$-$firm net operating loss deduction is $80\%$ and the NOL can be carried forward indefinitely $100\%$ and the NL can be carried forward indefinitely $80\%$ and the NL must be carried back five years with any remaining amount carried forward to future years or $100\%$ and the NL carry forward is limited to five years