Thrift Savings Plan Maximum Contribution 2025. 2025 Retirement Limits • Paragon The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and members of the uniformed services, including the Ready Reserve Beginning January 1, 2025, participants age 60, 61, 62, and 63 who are eligible for catch-up contributions will have.
Thrift Savings contribution charts available Article The United States Army from www.army.mil
For a total contribution amount of $31,000, enter an election amount of $1,193.; For a total contribution amount of $34,750, enter an election amount of $1,337.; Your election should be effective on December 15, 2024. Beginning January 1, 2025, participants age 60, 61, 62, and 63 who are eligible for catch-up contributions will have.
Thrift Savings contribution charts available Article The United States Army
As a result of Section 109 of SECURE Act 2.0, the IRC § 414(v) catch-up contribution limit is $11,250 for participants turning age 60, 61, 62, or 63 in 2025. 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 For a total contribution amount of $31,000, enter an election amount of $1,193.; For a total contribution amount of $34,750, enter an election amount of $1,337.; Your election should be effective on December 15, 2024.
2023 Contribution Limits for Retirement Plans Fiduciary Financial Partners, LLC. New in 2025: higher catch-up limit for ages 60, 61, 62, and 63 The 2025 TSP contribution limits are set at $23,500 for elective deferrals, up from $23,000 in 2024
Updated HSA Contribution Limits for 2025 BPAS. 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 For a total contribution amount of $31,000, enter an election amount of $1,193.; For a total contribution amount of $34,750, enter an election amount of $1,337.; Your election should be effective on December 15, 2024.