2024 Max Tsp Contribution Limits
The internal revenue service has announced the thrift savings plan (tsp) elective deferral limit for 2024 will increase to $23,000 per year. This means that an active participant age 50 and over can contribute a total of $30,500 in 2024 ($23,000 towards the elective deferral limit and an additional $7,500 towards the.
You only need to contribute 5% in order to get the match. In 2024, thrift savings plan participants can contribute up to $23,000 in elective deferrals, according to the internal revenue service.