The U.S. federal fiscal year 2025 started on October 1, 2024, and concluded on September 30, 2025, as the federal fiscal year always begins October 1st and ends September 30th of the following year. While businesses can choose different fiscal calendars, the government's FY2025 aligns with the calendar year that ends in 2025.
It began 1 October 2025 and will end on 30 September 2026. Source: Fiscal years are used by the United States federal government for accounting purposes. In 1843, the federal government changed the fiscal year from that of a calendar year (beginning 1 January), to one starting on 1 July.
India's current financial year is FY 2025-26, lasting between April 1, 2025, and March 31, 2026; therefore, all earnings, expenses, and investments that occur between those dates will be recorded in this particular tax and business filing period.
Overview of the Australian Financial Year
The Australian financial year usually runs from July 1 to June 30 of the following year. This means that the current financial year (FY) 2025 began on July 1, 2024, and will end on June 30, 2025.
The United States federal budget for fiscal year 2025 ran from October 1, 2024 to September 30, 2025. The federal government operated under a full-year continuing resolution passed in March 2025, which extended the 2024 budget for the whole 2025 fiscal year, with limited changes.
As of January 2026, most entities are in Fiscal Year 2026 (FY26), having moved from FY25 (July 2024-June 2025 or Oct 2024-Sept 2025) into the new fiscal year, with the US Federal Government's FY25 ending September 30, 2025, and their FY26 starting October 1, 2025.
From October 1 to November 12, 2025, the federal government of the United States was shut down as Congress failed to pass appropriations legislation for the 2026 fiscal year.
For example, a company's Fiscal Year 2025 (often abbreviated as FY2025 or FY25) may run from Feb. 1, 2025, to Jan. 31, 2026.
What are the tax year dates for 2025/ 2026? As we move through the 2025/26 tax year, we have outlined some dates below which are of note and should definitely be in your diaries! April 6th 2025 - The start of the current tax year.
For example, the fiscal year starting July 1, 2023, and ending June 30, 2025 is referred to as “FY25.” Sometimes a fiscal year is referred to with both years – FY24/25.
In fiscal year 2025, which ended on September 30, the federal budget deficit totaled $1.8 trillion—a decrease of $41 billion (or 2 percent) from the shortfall recorded in the previous year. Revenues and outlays alike increased from 2024 totals.
The income tax slab rates under the new tax regime for FY 2025–26 are as follows: income up to ₹4 lakh is tax-free; ₹4 lakh to ₹8 lakh is taxed at 5%; ₹8 lakh to ₹12 lakh at 10%; ₹12 lakh to ₹16 lakh at 15%; ₹16 lakh to ₹20 lakh at 20%; ₹20 lakh to ₹24 lakh at 25%; and income above ₹24 lakh is taxed at 30%.
It begins at the start of a quarter, so typical fiscal year start dates are January 1, April 1, July 1 or October 1. The fiscal year-end date is at the end of a quarter. For instance, if your fiscal year begins on April 1 2017, it ends on March 31, 2018.
According to the Chinese Zodiac, the year 2025 is the year of the snake. This animal has long been regarded in Japan as an auspicious being that brings about good fortune and fertility.
House Passes FY25 Bill That Advances American Leadership and Security, Supports Allies. Washington, D.C. – Today, the House of Representatives met to consider the State, Foreign Operations, and Related Programs Appropriations Act, 2025 . The measure was approved by a vote of 212 to 200.
Each year, the Office of Management and Budget (OMB) prepares the President's proposed Federal Government budget for the upcoming Federal fiscal year, which runs from October 1 through September 30 of the following year. Order your copies of the President's FY 2025 below.
There are two kinds of tax years: Calendar Tax Year: This is a period of 12 consecutive months beginning January 1 and ending December 31; or. Fiscal Tax Year: This is a period of 12 consecutive months ending on the last day of any month except December.
Income Tax Return Last Date FY 2024-25 (AY 2025-26) The due date for filing of Income Tax Returns (ITRs) for AY 2025-26, originally due on 31 July 2025, was extended to 15 September 2025.
A1: The tax year 2024-25 starts on April 6, 2024, and ends on April 5, 2025.
Calendar year – 12 consecutive months beginning January 1 and ending December 31. Fiscal year – 12 consecutive months ending on the last day of any month except December. A 52-53-week tax year is a fiscal tax year that varies from 52 to 53 weeks but does not have to end on the last day of a month.
The Social Security trust fund is facing a shortfall. That means benefits could be cut in 2032, not wiped out completely, but there are solutions.
Shutdown, Day 1: The federal government shut down at midnight after a deadlocked Congress failed to reach a deal on funding.