Tu Bishvat is celebrated on the 15th day of the month of Shevat, i.e. late January or early February. The Sephardi also call it Frutas.
Tu Bishvat celebrates the New Year of the Trees and it is one of the four New Years mentioned in the Mishnah. Traditionally, trees are planted, and fruit, figs, dates and almonds are eaten. Almond trees blossom in Israel on Tu Bishvat.