Maximum Tsp Contribution 2024 Per Pay Periods In 2024
Maximum Tsp Contribution 2024 Per Pay Periods In 2024. The internal revenue service has announced the thrift savings plan (tsp) elective deferral limit for 2024 will increase to $23,000 per year. Federal employees saving in the thrift savings plan (tsp) will be able to contribute a maximum of $23,000 in 2024.
The tsp provides agency and service representatives with historical information on contribution. I got an email from my agency stating that there are 26 pay periods in 2022 and the contribution to achieve the max would be $789 per pay period.
As Indicated Ref A, Effective 1 January 2024, The Internal Revenue Code I.r.c.
The 2024 tsp contribution limits are set at $23,000 for elective deferrals, up from $22,500 in 2023.
The Contribution Limit Is $23,000 And There Are 26 Pay Dates In The Year.
For the year 2024, the new maximum amount for funding your tsp (or any 401 (k), 403b, 457, etc.) is now $23,000, up from $22,500, for those under age 50.
Maximum Tsp Contribution 2024 Per Pay Periods In 2024 Images References :
The 2024 Tsp Contribution Limits Are Set At $23,000 For Elective Deferrals, Up From $22,500 In 2023.
As indicated ref a, effective 1 january 2024, the internal revenue code i.r.c.
The Calculator Assumes Your Minimum Contribution Is 6%.
I wished they at least gave us the option to contribute a specific dollar amount once you passed a certain dollar amount (i.e.