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

This was never the intention of the initial ITC proposal enacted in the Inflation Reduction Act (IRA). —Chris Hopper, Fortune, 24 June 2025

At the same time, IRA incentives for battery manufacturing and domestic sourcing have bolstered Tesla’s margins and U.S. production scale, all of which would disappear if this bill passes. —Ken Silverstein, Forbes.com, 23 June 2025

The Senate is still slashing Biden’s IRA significantly. —Amalia Huot-Marchand, The Hill, 21 June 2025

For her portion of $27,500, Roh cashed out $11,900 from her Roth IRA, according to documents. —Megan Sauer valentina Duarte, CNBC, 13 June 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