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A fiscal year (FY) is a 12-month period used by businesses, governments, and other organizations for accounting and financial reporting purposes. It does not necessarily align with the calendar year, which runs from January 1 to December 31. Fiscal years are typically chosen to coincide with the natural business cycle of an organization, such as the end of a harvest or the completion of a major project.
In the United States, most businesses and government agencies use a fiscal year that begins on October 1 and ends on September 30. This fiscal year is known as "FY2025" and will run from October 1, 2024, to September 30, 2025.
Fiscal year 2025 will run from October 1, 2024, to September 30, 2025. Organizations that use a fiscal year should be aware of the key deadlines that fall within this period, such as the deadline for filing federal income taxes. By understanding the fiscal year 2025 dates, organizations can plan their operations and financial reporting accordingly.
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