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You can contribute up to $3000 to your IRA for the year 2004. Persons over 50 may include an extra $500 which is often called a "catch-up contribution". See the chart below for the future years IRA contributions.

Year Amount Catch-Up
2004 $3000 $500
2005 $4000 $500
2006 $4000 $1000
2007 $4000 $1000
2008 $5000 $1000