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
The key difference between the retirement accounts is that contributions to a 401(k) are generally pre-tax, while Roth IRA contributions are made with money that has already been taxed. Rocio Fabbro, Quartz, 23 May 2024 Stimulus introduced to ward off the effects of lockdowns was followed by Joe Biden’s mammoth inflation reduction act (IRA), pushing public debt to 121% of GDP. Ryan Hogg, Fortune Europe, 18 May 2024 The Biden administration’s actions to address the climate crisis — including its implementation of the Inflation Reduction Act (IRA) — are helping health care organizations adapt to climate risks. Marquisha Johns, STAT, 17 May 2024 The key is determining the type of retirement plan or IRA account to fund. Michael J. Francis, Journal Sentinel, 16 May 2024 The funds that earned the match must be kept in the account for at least 5 years to avoid a potential Early IRA Match Removal Fee. William Earl, Variety, 13 May 2024 As the name implies, the strategy involves converting your traditional IRA into a Roth IRA. Alicia Adamczyk, Fortune, 11 May 2024 This transcript shows information previously received from the IRS, such as Forms W-2, 1099, 1098 and 5498, and IRA contribution information. Shaun Goodwin, Idaho Statesman, 9 May 2024 The myth of 87,000 armed IRS agents The agency also outlined its efforts to bolster hiring, thanks to the new IRA money. Aimee Picchi, CBS News, 3 May 2024

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 28 May. 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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