H-1B Visas For FY 2008 The cap for FY 2007 was reached on May 26, 2006, well before the fiscal year began on October 1, 2006. Because the H-1B Visas are limited, a lot of employers are already preparing thousands of petitions for immediate filing in April. Accordingly, we advise all employers to file H-1B visa petitions for prospective employees on April 1, 2007, or immediately thereafter as the cap is anticipated to...... Source : Tips for Travel