TSP Annual Contribution Limit Set to Increase in 2024
Starting in 2024, the contribution limit for TSP participants will increase to $23,000, up $500 from 2023.
The catch-up contribution limit for 2024 remains the same at $7,500. This allows federal employees 50 and older to make an extra contribution to the TSP each year, for a total of $30,500, to further boost their retirement savings. Employee elections ...