Question 62 of 65. What happens to credits in the carryover year? Credits that are dependent on AGI, MAGI, or tax liability must be recomputed. No adjustment is needed. All credits must be recomputed. None of the above. Mark for follow up Question 63 of 65. Generally, for losses arising in tax years after 2017, the NOL deduction cannot exceed O 80% of adjusted gross income. O 80% of taxable income. Limitations do not apply. O NOLS are no longer allowed