individual retirement account

noun

: ira

Examples of individual retirement account in a Sentence

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.
Tax forms for these may include a 1098-E for student loan interest, 5498 for individual retirement account contributions or 5498-SA for health savings account deposits. Kate Dore, Cfp®, Ea, CNBC, 29 Jan. 2025 One way to start the year on a positive note is by setting yourself up today to benefit from the tax breaks of an individual retirement account (IRA) over time. Eric Satz, Forbes, 23 Jan. 2025 There's a 1099-INT for interest; 1099-DIV for dividends; 1099-G for state and local tax refunds and unemployment benefits; 1099-R for pensions and payouts from your individual retirement accounts; 1099-B for broker transactions and barter exchanges; 1099-S for real estate transactions, etc. Robert W. Wood, Forbes, 21 Jan. 2025 For 2025, Direct File will add support for interest income above $1,500, pension and annuity income — excluding individual retirement accounts — and Alaska Permanent Fund Dividends, the agency announced in October. Kate Dore, Cfp®, CNBC, 13 Jan. 2025 See all Example Sentences for individual retirement account 

Word History

First Known Use

1974, in the meaning defined above

Time Traveler
The first known use of individual retirement account was in 1974

Dictionary Entries Near individual retirement account

Cite this Entry

“Individual retirement account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/individual%20retirement%20account. Accessed 5 Feb. 2025.

Legal Definition

individual retirement account

noun
individual re·​tire·​ment account
often capitalized I&R&A
: ira
Last Updated: - Updated example sentences
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