Her father, Ira David Wood III, is a locally prominent actor, singer, theater director, playwright, and from a Christian family; he is the Executive Director of a local regional theatre company called Theatre in the Park.
Wood starred in 2008's Vadim Perelman-directed The Life Before Her Eyes, based on the Laura Kasischke novel of the same name, about the friendship of two teens of opposite character who are involved in a Columbine-like shooting incident at their school and are forced to make an impossible choice.
Wood played the younger version of Uma Thurman's character, Diana.
One critic cited her performance as "hands-down extraordinary".
Wood continued acting mostly in independent films, including Pretty Persuasion (2005), Down in the Valley (2005), Running with Scissors (2006), and in the big studio production Across the Universe (2007).
Since 2008, Wood has appeared in more mainstream films, including The Wrestler (2008), Whatever Works (2009) and The Ides of March (2011).She also returned to television, playing the supporting role of Queen Sophie-Anne on True Blood from 2009 to 2011 and playing Kate Winslet's character's daughter in the HBO miniseries Mildred Pierce (2011), for which she was nominated for the Golden Globe and Emmy Award for Best Supporting Actress.