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
Rafaela Bassili, Vulture, 14 Nov. 2024
Several companies, including Ford Motor Co. and Hyundai Motor Co., have adjusted their plans to ensure that their vehicles qualify for the IRA’s $7,500 tax credits for new EV purchases.
—William Gavin, Quartz, 7 Nov. 2024
Just be mindful that this option comes with a few limitations, including: The 529 plan account must be at least 15 years old; there's a lifetime rollover limit of $35,000; and the conversion counts towards the annual Roth IRA contribution limit.
—Amy Wagner and Steve Hruby, The Enquirer, 6 Nov. 2024
Even a Harris White House would have to stare down a 2025 tax debate in which Republicans will propose using IRA funds as pay-fors.
—Nick Sobczyk, Axios, 5 Nov. 2024
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Noun
Hoping that Brendan would find it in his heart to spare her husband’s life, and knowing that the IRA was bound to discover his double-identity sooner rather than later, Kathleen confesses to Brendan.
—Rafaela Bassili, Vulture, 14 Nov. 2024
Several companies, including Ford Motor Co. and Hyundai Motor Co., have adjusted their plans to ensure that their vehicles qualify for the IRA’s $7,500 tax credits for new EV purchases.
—William Gavin, Quartz, 7 Nov. 2024
Just be mindful that this option comes with a few limitations, including: The 529 plan account must be at least 15 years old; there's a lifetime rollover limit of $35,000; and the conversion counts towards the annual Roth IRA contribution limit.
—Amy Wagner and Steve Hruby, The Enquirer, 6 Nov. 2024
Even a Harris White House would have to stare down a 2025 tax debate in which Republicans will propose using IRA funds as pay-fors.
—Nick Sobczyk, Axios, 5 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 23 Nov. 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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