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Subject:  Contribution Timing Question Date:  12/21/2004  12:39 PM
Author:  Hozghewon Number:  43661 of 87977

From my understanding, the limitation to contributions per year falls on tax years as supposed to calender years. For 2004, the limit to contributing to Roth IRA is $3,000. Falling on the tax year means that I have until April 2005 to put in the money for 2004, and April 2006 to put in $4,000 for 2005. Is this correct?

Thanks in advance for your reponses.

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