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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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