### Question
What is the definition of contract year?


### Answer
The definition of **contract year** is as follows in *26 U.S.C. § 7702A*:

> the 12-month period beginning with the 1st month for which the contract is in effect, and each 12-month period beginning with the corresponding month in subsequent calendar years

#### Citation:
  - *26 U.S.C. § 7702A*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 79-DEFINITIONS**

