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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Noun
Despite having made a deal with Senate Majority Leader Chuck Schumer in exchange for his becoming the deciding Senate vote on the IRA, Manchin was unable to put together a majority in either house of congress. David Blackmon, Forbes.com, 30 July 2025 After her release in 1980, Price pled guilty in 2013 to buying a cell phone that was later used by Real IRA members to claim responsibility for the shooting of two British soldiers. Katie Kilkenny, HollywoodReporter, 29 July 2025 Rollover of 529 to Roth IRA: Under the SECURE 2.0 Act (effective since 2024), up to $35,000 in unused 529 funds can be rolled over into the beneficiary’s Roth IRA, subject to annual Roth contribution limits and other conditions (such as the 529 account being open for at least 15 years). Ashley Lutz, Fortune, 28 July 2025 The enhanced subsidies in ARPA and the IRA were meant to give more financial support during COVID-19 to people who already received it, as well as provide some to people who made a bit too much to qualify for subsidies under the ACA. Katy Golvala, Hartford Courant, 24 July 2025 See All Example Sentences for IRA

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

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Cite this Entry

“IRA.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/IRA. Accessed 6 Aug. 2025.

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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