IRA definition

IRA means an “individual retirement account” (as defined in Section 408 of the Code).

Examples of IRA in a sentence

  • All amounts contributed to your IRA by your employer belong to you even after you stop working for that employer.

  • Section 6109 of the Internal Revenue Code requires you to provide your correct TIN to persons (including federal agencies) who are required to file information returns with the IRS to report interest, dividends, or certain other income paid to you; mortgage interest you paid; the acquisition or abandonment of secured property; the cancellation of debt; or contributions you made to an IRA, Xxxxxx MSA, or HSA.

  • You may contribute the smaller of $2,000 or 100% of your compensation to an IRA.

  • Your employer will provide you with a copy of the agreement containing participation rules and a description of how employer contributions may be made to your IRA.

  • Your employer must also provide you with a copy of the completed Form 5305-SEP and a yearly statement showing any contributions to your IRA.


More Definitions of IRA

IRA means an individual retirement account or individual retirement annuity under
IRA means an individual retirement account or individual retirement annuity under Section 408(a), 408(b), or 408A of Title 26 of the United States Code.