Tsp Contribution Limits 2024 For Senior Citizens. The 2023 contribution limit was $22,500. On november 1, 2023, the internal revenue service (irs) announced the 2024 contribution limits for retirement accounts.
This means that an active participant age 50 and over can contribute a total of $30,500 in 2024 ($23,000 towards the elective deferral limit and an additional $7,500. For employees who will be younger than 50 throughout 2024, the tsp contribution limit increases from $22,500 in 2023 to $23,000 in 2024.
Tsp Contribution Limits 2024 For Senior Citizens Images References :
