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
Over the past five decades, workers and employers have gradually shifted from traditional pensions to modern 401(k) and IRA plans. Daniel De Visé, USA TODAY, 31 Mar. 2024 But the most terrifying person on screen is Kerry Condon, playing the steely IRA warrior Doireann McCann (possibly inspired by the notorious Dolours Price), the leader of the gang who has brought her cohort to Glencolmcille. Katie Walsh, Los Angeles Times, 30 Mar. 2024 Vermont doesn’t offer incentives for installing photovoltaic panels, but the IRA extended the 30 percent federal tax credit through 2032, bringing our eventual outlay to $22,236. Tik Root, Grist, Quartz, 29 Mar. 2024 Parents who stay out a year or more can pay into a special retirement plan known as a spousal IRA. Becky Batcha and Hiranmayi Srinivasan, Parents, 29 Mar. 2024 The story opens with its most suspenseful action: a bombing by an IRA platoon in Belfast that accidentally kills a group of young children, setting a woeful tone for the rest of the proceedings. J. Kim Murphy, Variety, 28 Mar. 2024 The pact also is a step toward the IRA's goal of creating well-paying jobs that support families and communities, Pritzkow said. Karl Ebert, Journal Sentinel, 26 Mar. 2024 Just keep in mind that penalties and taxes might apply from early withdrawals from either a 401(k) or traditional IRA. USA TODAY, 24 Mar. 2024 Merck, which was the first to sue to overturn the IRA, responded promptly. Michael Hiltzik, Los Angeles Times, 6 Mar. 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 19 Apr. 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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