§ 77229 Fiscal Year Definition

• •A 'marketing year' or 'fiscal year' starts on March 1 and ends on February 28 (or 29 in a leap year).
• •This is a special 12-month period used for tracking money or business stuff, not the same as a regular calendar year.
• •It was changed in 2004 and started being used in 2005.

A farmer sells apples and keeps track of money made from selling them.

Instead of counting money from January to December like a normal year, the farmer counts from March 1 to February 28. This is their 'fiscal year' for apple sales.