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
Since the passage of the IRA, dozens of medical research programs have been scrapped and more than 25 drugs have been discontinued. Elaine Parker, Oc Register, 24 Apr. 2026 Soliz, Spencer and Kushner did not tell attendees on Tuesday what the plan would be with current teachers and students that attend IRA. Fort Worth Star-Telegram, 22 Apr. 2026 After that, increase your 401(k) contributions and consider an IRA — the 2026 limit is $7,500. Allison Palmer, Miami Herald, 22 Apr. 2026 After that, the account converts to standard traditional IRA rules. Allison Palmer, Charlotte Observer, 20 Apr. 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 30 Apr. 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

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