IRA

1 of 2

noun

ˌī-(ˌ)är-ˈā  ˈī-rə 

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

Noun

Marian denies this and Gerry Adams, who is portrayed as a senior IRA commander, also denies being involved, as well as being a member of the IRA. —Nellie Andreeva, Deadline, 30 May 2025

These money-making opportunities can produce enough revenue to fully fund the annual contribution of a Child IRA. —Chris Carosa, Forbes.com, 30 May 2025

Murkowski, Moran, and Sens. John Curtis, R-Utah and Thom Tillis, R-North Carolina, sent a letter to Thune in early April warning that rolling back the IRA's renewable energy tax credits could create major disruption to American businesses. —Riley Beggin, USA Today, 28 May 2025

Last month, financial services giant Fidelity launched a crypto IRA account, allowing investors to put retirement funds directly into popular cryptocurrencies bitcoin, ethereum and litecoin. —Max Zahn, ABC News, 28 May 2025

Word History

Etymology

Noun

initialism from individual retirement account or individual retirement arrangement

First Known Use

Noun

1974, in the meaning defined above

Rhymes for IRA

• lyra
• spirogyra

Legal Definition

IRA

noun

ˌī-ˌär-ˈā, ˈī-rə 

: 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