The IRS has announced the 2016 limits for contributions to the Thrift Savings Plan (TSP). The elective deferral limit remains unchanged at $18,000 for the year. This is the limit for most regular contributions. If you are trying to contribute the maximum amount to your TSP account in 2016, you will need to contribute $1500 per month for the entire year. For more details, see this Paycheck Chronicles post.
2016 Thrift Savings Plan Limits
Current issue of the Military Report
- VA Won't Ramp Up Security After Rash of Suicides on Premises. Here's Why.
- Military Exchanges Tune Out TV News Due to 'Divisive Political Nature'
- Lawmaker Renews Push to Get Vietnam-Era Airman Medal of Honor
- VA Looks to Create Artificial Organs, Even Bones, With 3D Printing
- Is SGLI Enough? $100k Coverage from Just $7 a Month
- The Coast Guard Is Giving Away 4 Historic Florida Keys Lighthouses
- Army Launches Registry for Troops, Families with Housing-Related Health Issues
- Join City National Bank and Let Your Military Experience Shine
- Airmen Face Challenges Buying New OCP Uniforms
- Rates Are Rising: Use Your $0 Down VA Loan Benefit Now
- Shanahan Launches New Task Force on Military Sexual Assault
- Eliminate Out of Pocket Costs with a Tricare Supplement
- Commissary's Spring Sidewalk Program Offers Savings
- Incentives Aim to Reduce Pilot Attrition
- Damaged USS Fitzgerald Leaves Dry Dock After 15 Months of Repairs
- Dolphins from the USS Thresher Passed On
- Army May Add More Security Measures to Online Systems
- Oldest Military Units Conduct Joint Muster
- Soldiers Save 4 After Plane Crash
- Soldiers in South Korea Awarded for Fighting Fire
- Marine Diversity Office Changes Name