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
Elizabeth Gravier, CNBC, 1 Nov. 2024
Nearer-term, policies like the IRA's methane fee can affect production decisions, Sommers said.
—Ben Geman, Axios, 1 Nov. 2024
The global climate benefits of the IRA for that same year amount to $137 billion.
—Frederica Perera, Scientific American, 31 Oct. 2024
But Harris has remained mum about the fact that DOI has not acted on the IRA requirement, keeping its leasing program in de facto suspension since.
—David Blackmon, Forbes, 21 Oct. 2024
See all Example Sentences for IRA 
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Noun
The limit on annual contributions to an IRA, however, remains $7,000 — the same as in 2024.
—Elizabeth Gravier, CNBC, 1 Nov. 2024
Nearer-term, policies like the IRA's methane fee can affect production decisions, Sommers said.
—Ben Geman, Axios, 1 Nov. 2024
The global climate benefits of the IRA for that same year amount to $137 billion.
—Frederica Perera, Scientific American, 31 Oct. 2024
But Harris has remained mum about the fact that DOI has not acted on the IRA requirement, keeping its leasing program in de facto suspension since.
—David Blackmon, Forbes, 21 Oct. 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 10 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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