Gena Clemence

Tsp Contribution Limits 2024 In Percentage Increase. Mercer estimates that the annual contribution limit for the tsp and 401 (k) plans will increase from $22,500 in 2023 to $23,000 in 2024. This would be a 2.2% increase over last 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. The annual contribution limit for the thrift savings plan (tsp) will increase by 2.2% in 2024 according to mercer, a benefits consulting firm that is part of marsh.