2024 Tsp Contribution Limits Irs

2024 Tsp Contribution Limits Irs

The 2024 tsp contribution limit for employee deferrals is $23,000, a roughly 2% increase from the $22,500 limit in 2023. On november 1, 2023, the internal revenue service (irs) announced the 2024 contribution limits for retirement accounts.


2024 Tsp Contribution Limits Irs

Secure act 2.0 builds on the 2019 secure act and introduces several changes affecting the thrift savings plan (tsp). Starting in 2024, the contribution limit for tsp participants will increase to $23,000, up $500 from 2023.

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