IRA

noun
\ ˌī-(ˌ)är-ˈā How to pronounce IRA (audio) ; ˈī-rə How to pronounce IRA (audio) \
plural IRAs

Definition of IRA

 (Entry 1 of 2)

: a retirement savings account in which income taxes on certain deposits and on all gains are deferred until withdrawals are made

Definition of IRA (Entry 2 of 2)

Irish Republican Army

Examples of IRA in a Sentence

Abbreviation a representative of the IRA

First Known Use of IRA

Noun

1974, in the meaning defined above

History and Etymology for IRA

Noun

initialism from individual retirement account or individual retirement arrangement

Learn More About IRA

Dictionary Entries Near IRA

ir-

IRA

iracund

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Statistics for IRA

Cite this Entry

“IRA.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/IRA. Accessed 22 May. 2022.

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More Definitions for IRA

IRA

noun
\ ˌī-ˌär-ˈā, ˈī-rə How to pronounce IRA (audio) \

Legal Definition of IRA

: 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.

History and Etymology for IRA

individual retirement account

More from Merriam-Webster on IRA

Britannica English: Translation of IRA for Arabic Speakers

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