Question: what is a federal fiscal year?
Answer: Federal Government Fiscal Year It defines the U.S. government's budget. It runs from October 1 of the budget's prior year through September 30 of the year being described. ... FY 2021 is between October 1, 2020 and September 30, 2021. FY 2020 is the budget for October 1, 2019 through September 30, 2020.