2014 TSP Contribution Limits

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By on November 1, 2013 in Current Events with 6 Comments

From the tsp.gov web site:

You can contribute up to $17,500 in employee contributions to the TSP in 2014. The limit applies to the combined total of your tax-deferred traditional and Roth contributions. (This limit has not changed from 2013.)

If you are a member of the uniformed services, you can contribute a total of $52,000 in tax-deferred and tax-exempt money. (The 2013 limit is $51,000.)

Any participant who will be age 50 or over in 2014 can also contribute up to $5,500 in additional catch-up contributions, as long as regular contributions for the year are expected to reach the $17,500 limit. (This limit has not changed from 2013.) .

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Ian Smith is one of the co-founders of FedSmith.com. He enjoys writing about current topics that affect the federal workforce.

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