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Tu B'Shvat (15th of Shvat) is the New Year for Trees. The Jewish calendar has four official new Years. The others are Rosh Hashana, 1st of Nisan (for dating kings' reigns and documents) and 1st of Elul (for tithing animals). These are comparable to the academic and financial years of the secular calendar.
On Tu B'Shvat there is a custom of eating a number of species of fruit, most particularly olives, figs, dates, grapes and pomegranates, the 5 species associated with Israel in the Tanach. Some make a formal Seder.