Ira


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IRA.

1 In Irish history, see Irish Republican ArmyIrish Republican Army
(IRA), nationalist organization devoted to the integration of Ireland as a complete and independent unit. Organized by Michael Collins from remnants of rebel units dispersed after the Easter Rebellion in 1916 (see Ireland), it was composed of the more
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. 2 In economics, see Individual Retirement AccountIndividual Retirement Account
(IRA), tax-sheltered retirement plan, originally created (1974) to assist individuals not covered by company pensions. Under the U.S. tax law of 1981, IRA provisions were liberalized to allow individuals to contribute up to $2,000 per year (up from
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.

Ira

(ī`rə), in the Bible. 1 Chief officer of David. 2, 3 Two of David's guard.

IRA

the Irish Republican Army; long history of terror and violence. [Irish Hist.: NCE, 1365–1366]
References in periodicals archive ?
Christopher Dodd, to give the IRA a different - and dangerous message.
The amount of expenses that can be paid out of the IRA, however, must be reduced by any amount from a scholarship or other assistance that normally is not counted as part of gross income.
The Roth IRA poses an interesting question: If you own a Traditional IRA end your AGI is $100,000 or less, should you convert these funds to a Roth IRA?
If the IRA holder dies before his RBD and names a spouse beneficiary, the spouse beneficiary may treat the IRA as her own IRA and roll it over into an IRA in her own name.
The Committee believes that the ability to make deductible contributions to an IRA is a significant savings incentive.
My client's 50 percent share of the IRA balance was $160,000 on Dec.
In general, for clients who expect their marginal tax rate in retirement to remain the same as it is currently, a 401(k) or a deductible IRA is equivalent to a Roth IRA.
To set up a self-directed IRA, you begin by transferring funds from an existing retirement account.
Unlike a traditional IRA, a Roth IRA has no required minimum distributions during the participant's lifetime.
Therefore, if a self-directed IRA holds a business, the income generated from that business will be taxable.
The taxpayers stated that although there was a direct rollover from Ray's IRA into Charlotte's, she made no additional contributions to the account and never redesignated it as her own.
You can deduct traditional IRA contributions on your income taxes.