TSP contribution limits unchanged in 2016

The limit federal employees can contribute to their Thrift Savings Plan will remain at the same level for tax year 2016, according to an Oct. 21 announcement from the Internal Revenue Service.

IRS announced cost-of-living adjustments last week impacting the dollar amounts all taxpayers can make to their pension plans and retirement accounts. While the slight increase in the cost-of-living index triggered adjustments in some limitations, the increase was not enough to meet the statutory requirements of many others, including the limitations for feds’ TSP accounts.

The elective deferral (contribution) limit federal employees make to their TSP will remain at $18,000.

The limit will stay at $6,000 for federal employees aged 50 and over making a catch-up contribution to their TSP account.

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THRIFT SAVINGS PLAN TICKER

Dec 03, 2021 Close Change YTD*
L Income 23.2215 -0.0408 4.32%
L 2025 11.9963 -0.0431 7.70%
L 2030 42.3804 -0.2118 9.58%
L 2035 12.7320 -0.0701 10.38%
L 2040 48.1934 -0.2912 11.19%
L 2045 13.2040 -0.0861 11.85%
L 2050 28.9321 -0.2026 12.55%
L 2055 14.2261 -0.1257 15.21%
L 2060 14.2261 -0.1257 15.21%
L 2065 14.2260 -0.1257 15.20%
G Fund 16.7177 0.0007 1.26%
F Fund 21.0261 0.08 -1.14%
C Fund 68.4493 -0.5796 23.16%
S Fund 80.7041 -1.887 11.80%
I Fund 37.7230 -0.1338 6.04%
Closing price updated at approx 6pm ET each business day. More at tsp.gov
* YTD data is updated on the last day of the month.