TSP Annual Contribution Limit Set to Increase in 2022
Starting in 2022, the contribution limit for TSP participants will increase to $20,500, up from $19,500 in 2021.
The IRS also announced that the so-called catch-up contribution for those age 50 and older remains unchanged at $6,000. Employees 50 or older can add another $6,000 a year to their TSP, allowing them to go above the annual limit because they are ...