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
Energy Innovation: Policy and Technology, Forbes, 6 Jan. 2025
Roth conversions may be beneficial, as converting pre-tax retirement funds to a Roth IRA can help reduce future taxable income.
—Kevin Lynn, Newsweek, 6 Jan. 2025
Automate savings, where possible Automated changes, like increasing workplace 401(k) plan contributions, setting up direct deposits from paychecks into dedicated savings accounts, and arranging for monthly transfers into an IRA and/or 529 college savings accounts all add up quickly, McBride said.
—Cora Lewis and Adriana Morga, Los Angeles Times, 5 Jan. 2025
Autumn Johnson, president of Arizona’s solar industry association, noted the sector wasn’t at its healthiest even before the IRA.
—Austin Corona, The Arizona Republic, 3 Jan. 2025
See all Example Sentences for IRA 
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Noun
But the federal policy outlook has changed, with an incoming presidential administration and some members of the 119th Congress calling for repealing the IRA, in part to pay for extended tax cuts, and expanding fossil fuel production.
—Energy Innovation: Policy and Technology, Forbes, 6 Jan. 2025
Roth conversions may be beneficial, as converting pre-tax retirement funds to a Roth IRA can help reduce future taxable income.
—Kevin Lynn, Newsweek, 6 Jan. 2025
Automate savings, where possible Automated changes, like increasing workplace 401(k) plan contributions, setting up direct deposits from paychecks into dedicated savings accounts, and arranging for monthly transfers into an IRA and/or 529 college savings accounts all add up quickly, McBride said.
—Cora Lewis and Adriana Morga, Los Angeles Times, 5 Jan. 2025
Autumn Johnson, president of Arizona’s solar industry association, noted the sector wasn’t at its healthiest even before the IRA.
—Austin Corona, The Arizona Republic, 3 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 18 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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