Approximately half of anthropogenic emissions from the burning of fossil fuels is taken up annually by carbon sinks on the land and in the oceans. However, there are key uncertainties in how carbon uptake by terrestrial, ocean, and freshwater systems will respond to, and interact with, climate into the future. Here, we outline the current state of understanding on the future carbon budget of these major reservoirs within North America and the globe. We examine the drivers of future carbon cycle changes, including carbon-climate feedbacks, atmospheric composition, nutrient availability, and human activity and management decisions. Progress has been made at identifying vulnerabilities in carbon pools, including high-latitude permafrost, peatlands, freshwater and coastal wetlands, and ecosystems subject to disturbance events, such as insects, fire and drought. However, many of these processes/pools are not well represented in current models, and model intercomparison studies have shown a range in carbon cycle response to factors such as climate and CO₂ fertilization. Furthermore, as model complexity increases, understanding the drivers of model spread becomes increasingly more difficult. As a result, uncertainties in future carbon cycle projections are large. It is also uncertain how management decisions and policies will impact future carbon stocks and flows. In order to guide policy, a better understanding of the risk and magnitude of North American carbon cycle changes is needed. This requires that future carbon cycle projections be conditioned on current observations and be reported with sufficient confidence and fully specified uncertainties.