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
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.
Noun
For 2026, the IRS has set the total Roth IRA contribution limit to $8,600 for those 50 and older, up from $7,500 for everyone else. Allison Palmer, Kansas City Star, 18 Mar. 2026 As a result, only certain coins and bullion products qualify for inclusion in a gold IRA. Angelica Leicht, CBS News, 17 Mar. 2026 For 2026, the total Roth IRA contribution limit for those 50 and older has risen to $8,600 per year — a $7,500 base limit plus a $1,100 catch-up contribution, up from the $1,000 catch-up in prior years. Allison Palmer, Miami Herald, 17 Mar. 2026 For 2026, the IRS has raised the total Roth IRA contribution limit to $8,600 per year for those 50 and older — a $7,500 base plus a $1,100 catch-up contribution, up from $1,000 in prior years. Allison Palmer, Fort Worth Star-Telegram, 17 Mar. 2026 See All Example Sentences for IRA

Word History

Etymology

Noun

initialism from individual retirement account or individual retirement arrangement

First Known Use

Noun

1974, in the meaning defined above

Time Traveler
The first known use of IRA was in 1974

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Cite this Entry

“IRA.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/IRA. Accessed 19 Mar. 2026.

Legal Definition

: 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

More from Merriam-Webster on IRA

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