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Historical information on contribution limits Tax yearElective deferralCatch-up contributions 2020 $19,500 $6,500 2019 $19,000 $6,000 2018 $18,500 $6,000 2017 $18,000 $6,00035 more rows
What is the TSP limit for 2020?
Age-eligible participants who contribute the maximum amount of contributions allowed under the elective deferral limit and make catch-up contributions have the opportunity to contribute up to $26,000 (combined total of traditional (tax-deferred) and Roth contributions) in 2020 to their TSP accounts.
What is the TSP limit for 2019?
Calendar year 2019 has 26 pay dates, so you would elect to contribute $731 per pay period to docHub the 2019 contribution limit of $19,000. If you are eligible to make catch-up contributions, you would elect to contribute $231 per pay period to docHub the 2019 contribution limit of $6,000.
What happens to my TSP when I leave federal service?
The Catch-up amount is in addition to the regular TSP limit of $23,500. The 2025 IRS annual limit for Catch-up contributions is $7,500, which equates to a total TSP contribution amount of $31,000.
What is the new TSP limit for 2025?
If you work for more than one employer in the same calendar year, its possible to contribute too much and exceed the IRS limits. If you over contribute, you may request a refund of the excess amount from the TSP. For a limited in January each year, we make the Refund Request Form available.
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People also ask
Can I contribute 100% of my paycheck to TSP?
You can elect to contribute from 1 to 100 percent of any incentive pay, special pay, or bonus pay (even if youre not currently receiving them)as long as you elect to contribute at least 1% from your basic pay.
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TSP Annual Review of Administrative Expenses for 2023
Jan 23, 2024 $780. 2019. 2020. 2021. 2022. 2023. G Fund. F Fund. C Fund. S Fund. I Fund. Average Net Assets. Page 4. Administrative Expenses. 4. $249. $308.
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