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
William Baldwin, Forbes, 23 Nov. 2024
Suspected of being an informant for the British Army by the republicans, Jean was secretly killed and buried by a trio of IRA volunteers in 1972.
—Katie Kilkenny, The Hollywood Reporter, 21 Nov. 2024
Green energy credits in the Inflation Reduction Act Getting rid of parts of Democrats’ sweeping 2022 climate package, known as the Inflation Reduction Act (IRA), has already been floated by Republicans as a way to pay for additional tax cuts.
—Tobias Burns, The Hill, 21 Nov. 2024
Many parts of the IRA, such as expanding EV charger infrastructure, were in place to help the Detroit Three encourage EV adoption.
—Jamie L. Lareau, Detroit Free Press, 20 Nov. 2024
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Noun
By William Baldwin, Senior Contributor Your financial advisor may be all fired up about prepaying tax on an IRA, converting it into a totally tax-free Roth IRA.
—William Baldwin, Forbes, 23 Nov. 2024
Suspected of being an informant for the British Army by the republicans, Jean was secretly killed and buried by a trio of IRA volunteers in 1972.
—Katie Kilkenny, The Hollywood Reporter, 21 Nov. 2024
Green energy credits in the Inflation Reduction Act Getting rid of parts of Democrats’ sweeping 2022 climate package, known as the Inflation Reduction Act (IRA), has already been floated by Republicans as a way to pay for additional tax cuts.
—Tobias Burns, The Hill, 21 Nov. 2024
Many parts of the IRA, such as expanding EV charger infrastructure, were in place to help the Detroit Three encourage EV adoption.
—Jamie L. Lareau, Detroit Free Press, 20 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 1 Dec. 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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