Thrift Savings Plan Maximum Contribution 2025

Thrift Savings Plan Maximum Contribution 2025. 401k Contribution Limits 2025 Irs Rene Vallie New in 2025: higher catch-up limit for ages 60, 61, 62, and 63 Next year, federal employees will be able to contribute more to their Thrift Savings Plan (TSP)

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The IRS calculates Thrift Savings Plan contribution limits annually based on the cost of living indexes Next year, federal employees will be able to contribute more to their Thrift Savings Plan (TSP)

DVIDS Images Thrift Savings Plan Facts and Figures [Image 1 of 3]

The TSP has updated its process to make it simpler; you can add the catch-up contribution along with the maximum contribution of $904 on the same line The catch-up contribution limit for 2025 will remain the same at $7,500. The 2025 TSP contribution limits are set at $23,500 for elective deferrals, up from $23,000 in 2024

2025 Retirement Limits • Paragon. Next year, federal employees will be able to contribute more to their Thrift Savings Plan (TSP) For more information on catch-up contributions and the spillover method please see TSP Bulletin 20-1 Spillover Method for Catch-Up Contributions to the Thrift Savings Plan - UPDATE

Tsp Contribution Max For 2025 Frank Allan. It was established by Congress in the Federal Employees' Retirement System Act of 1986 and offers the same types of savings and tax benefits that many private corporations offer their employees under 401(k) plans. The annual contribution limit for employees who participate in 401(k), 403(b), governmental 457 plans, and the federal government's Thrift Savings Plan is increased to $23,500, up from $23,000