plural IRAs
: a retirement savings account in which income taxes on certain deposits and on all gains are deferred until withdrawals are made

IRA

2 of 2

abbreviation

Irish Republican Army

Examples of IRA in a Sentence

Abbreviation a representative of the IRA
Recent Examples on the Web
Noun
Mapping the Hooters closures Impossibly affordable cities What if everyone got an IRA? Daniel De Visé, USA TODAY, 27 June 2024 This deal, commonly known as the stretch IRA since distributions and tax deferral could extend over lifetimes, was all perfectly legal under the tax code. Ed Slott, Fortune, 26 June 2024 Prysmian received federal tax credits boosted by the IRA, totalling $3.89 million, to expand its Williamsport facility. Jeff Brady, NPR, 26 June 2024 By Justin Worland June 24, 2024 8:00 AM EDT The Inflation Reduction Act (IRA), President Biden’s climate investment law, took more than a year of negotiation and debate before enactment. Justin Worland, TIME, 24 June 2024 See all Example Sentences for IRA 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'IRA.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

Etymology

Noun

initialism from individual retirement account or individual retirement arrangement

First Known Use

Noun

1974, in the meaning defined above

Time Traveler
The first known use of IRA was in 1974

Dictionary Entries Near IRA

Cite this Entry

“IRA.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/IRA. Accessed 4 Jul. 2024.

Legal Definition

: an account in which a person may deposit up to a stipulated amount each year and that is not taxable until retirement or early withdrawal

Note: Deposits to an IRA may not be completely or partially deductible from adjusted gross income if one's income exceeds a set level.

Etymology

Noun

individual retirement account

More from Merriam-Webster on IRA

Last Updated: - Updated example sentences
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