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Federal employees will be able to add more money to their Thrift Savings Plan accounts next year under a change the IRS announced last week. Starting in 2026, the annual contribution limit will increase to $24,500, up from the current $23,500.
The catch-up contribution limit for 2026 will increase to $8,000, up from $7,500. This allows federal employees 50 and older to make an extra contribution to the TSP each year, for a total of $32,500, to further boost their retirement savings. If you are between 60 and 63 years old, the catch-up contribution is $11,250 as allowed under the SECURE 2.0 law passed in 2022.
Employee elections carry over each year unless they submit a new one, but contributions may be stopped, started or changed at any time.
Learn more about contributions to your TSP account.