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
Justin Worland, TIME, 6 Dec. 2024
Cap annual property tax increases at 2-3% for homeowners and farmers.
Eliminate state tax on retirement income, including pensions, 401(k)s and IRA distributions.
—Kayla Dwyer, The Indianapolis Star, 5 Dec. 2024
That's likely to emerge as an area of disagreement next year, particularly as Republicans pursue a reconciliation bill that could bolster oil and gas leasing and peel back parts of the IRA.
—Daniel Moore, Axios, 4 Dec. 2024
By William Baldwin, Senior Contributor Your financial advisor may be all fired up about prepaying tax on an IRA, converting it into a totally tax-free Roth IRA.
—William Baldwin, Forbes, 23 Nov. 2024
See all Example Sentences for IRA 
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Noun
First and foremost is the future of the Inflation Reduction Act (IRA), President Joe Biden’s landmark climate spending bill.
—Justin Worland, TIME, 6 Dec. 2024
Cap annual property tax increases at 2-3% for homeowners and farmers.
Eliminate state tax on retirement income, including pensions, 401(k)s and IRA distributions.
—Kayla Dwyer, The Indianapolis Star, 5 Dec. 2024
That's likely to emerge as an area of disagreement next year, particularly as Republicans pursue a reconciliation bill that could bolster oil and gas leasing and peel back parts of the IRA.
—Daniel Moore, Axios, 4 Dec. 2024
By William Baldwin, Senior Contributor Your financial advisor may be all fired up about prepaying tax on an IRA, converting it into a totally tax-free Roth IRA.
—William Baldwin, Forbes, 23 Nov. 2024
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 22 Dec. 2024.
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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