plural IRAs
: a retirement savings account in which income taxes on certain deposits and on all gains are deferred until withdrawals are made
Irish Republican Army
Examples of IRA in a Sentence
Abbreviation
a representative of the IRA
Recent Examples on the Web
Matt Egan, CNN, 17 Jan. 2025
Wellesley College professor Turner agreed, pointing out that some Republicans in Congress wrote to House leaders arguing for keeping some IRA funding in place.
—Yaakov Katz, Newsweek, 17 Jan. 2025
In August, 18 House Republicans wrote to Speaker Mike Johnson urging him to preserve the IRA’s energy tax credits, which are already funding projects.
—Sharon Lerner, ProPublica, 17 Jan. 2025
One way to build a stronger foundation for retirement is to diversify savings beyond the standard 401(k) or IRA.
—Paula Thielen, Forbes, 16 Jan. 2025
See all Example Sentences for IRA 
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Noun
Voters there are backing Trump anyway Of course, the oil industry is unlikely to protest if other parts of the IRA are repealed, including tax incentives that primarily benefit solar, wind and renewables broadly.
—Matt Egan, CNN, 17 Jan. 2025
Wellesley College professor Turner agreed, pointing out that some Republicans in Congress wrote to House leaders arguing for keeping some IRA funding in place.
—Yaakov Katz, Newsweek, 17 Jan. 2025
In August, 18 House Republicans wrote to Speaker Mike Johnson urging him to preserve the IRA’s energy tax credits, which are already funding projects.
—Sharon Lerner, ProPublica, 17 Jan. 2025
One way to build a stronger foundation for retirement is to diversify savings beyond the standard 401(k) or IRA.
—Paula Thielen, Forbes, 16 Jan. 2025
See all Example Sentences for IRA
Dictionary Entries Near IRA
Cite this Entry
“IRA.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/IRA. Accessed 23 Jan. 2025.
Copy CitationLegal Definition
IRA
noun
: 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
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