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Would someone please explain to me how much is the maximum contribution one can make to an IRA this year (defined as January 1,2001-April 15,2002). Is it $2000? or $3000?

I'm confused because I don't understand what 2002 means. Does that mean the 2002 calendar year? Or does it mean the year in which we file our taxes for 2001?

Thank you.
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IRA and Roth IRA contributions are tied to a specific tax year.

For tax year 2001, you may contribute up to $2,000 to your IRA, and you may do so any time from January 1, 2001 through April 15, 2002.

For tax year 2002, you may contribute up to $3,000 to your IRA, and you may do so any time from January 2002 through April 15, 2003.
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