2024 Thrift Savings Plan (TSP) Contribution Limits, Election Dates, and Effective Dates

Nov 17, 2023 | Optometry HQ Announcements

The Thrift Savings Plan (TSP) announced the 2024 annual limits:

  • Elective deferral limit for 2024 is $23,000.
  • Age 50 or Over Catch-Up limit is $7,500.

To be eligible to contribute to make catch–up contributions, an employee must be at least 50 years of age or will become age 50 during 2024 and be contributing the maximum amount ($23,000) to their civilian or uniformed services TSP account and/ or an equivalent employer plan (such as a 401(k), 403(b), or 408(k)(6) plan).  Additional information on TSP deferral limits can be located here: 2024 Contribution Limits.