The IRS announced back in November that the limit for IRA contributions in 2024 was to be $7000 (excluding any catch-up contributions). What will the limit be in 2025?

Answers must be in the form of a single, whole number of US dollars, comprising only of numeric characters. No letters, dollar signs, or commas allowed. Answers with any other characters or in any other format will be considered invalid.

Resolves once the IRS publishes the IRA limits for 2025 on their newsroom page, similar to the link above. Resolves to the valid answer closest to the actual value (with exact answers obviously preferred).

If two answers are exactly equally close to the real value, resolves to the higher one.

Note that this is focused on the base limit only, i.e. the amount allowed for (say) a person in their thirties, and thus excludes any potential catch-up contribution limits for older people.