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The limit is $2000 of contributions in each tax year.

You can make a "1998 contribution" any time between 1/1/98 and 4/15/99. You can make a 1999
contribution any time between 1/1/99 and 4/15/2000. et cetera. The dates on which you make
1998 contributions (if any) have no effect on when you can make 1999 contributions.
So does this mean that if I open a Roth IRA On 1/5/99 that I can contribute $4000 and say its for 1998/99? Does this also mean that I can continue to contribute $2000 on 1/5 each and every year after that?

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