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“It’s a complicated process,” said GFPS HR Director Luke Diekhans. “There’s a lot of factors that need to be addressed such ...

A calendar year is simply the traditional year, spanning January 1 to December 31. Many companies find it easy to align their financial reporting with the beginning and end of the year. For example, ...

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These accounts are run on a calendar year, since the IRS limits how much money you can put away each year. In 2018, the contribution limit for FSAs is $2,650.

The 12 months beginning Jan. 1 and ending Dec. 31 constitute a calendar year. It is the most commonly used type of accounting year by both individuals and businesses.

For centuries, humans struggled to sync civil, religious, and agricultural calendars with the solar year. Adding a ‘leap year’ solved the problem—though just for the next 3,300 years.