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
The Inflation Reduction Act (IRA) 45W Commercial Clean Vehicle Credit offers up to $40,000 per EV, but Trump has vowed to end the payout. Ed Garsten, Forbes.com, 8 Apr. 2025 However, the robo-advisor further sweetens the deal for Gold members by adding a 2% match on any eligible transfer from an old 401(k) or IRA to the new Robinhood IRA. Elizabeth Gravier, CNBC, 8 Apr. 2025 President Trump’s tariffs have sent the stock market tumbling, raising concerns for anyone with an IRA or 401(k). Daniel De Visé, USA Today, 4 Apr. 2025 The industry made a last-ditch push to get the incentive into the IRA in 2022, but it was ultimately left out of the final climate law. Nick Sobczyk, Axios, 3 Apr. 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 18 Apr. 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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