Meaning of the word "new year" in English

What does "new year" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

new year

US /nuː jɪr/
UK /njuː jɪər/

Noun

the start of a year, typically celebrated on January 1st

Example:
We always celebrate New Year with fireworks.
What are your plans for New Year's Eve?