The 2011 elective deferral limit for regular Thrift Savings Plan contributions will remain $16,500, and TSP catch-up plan contribution limits will remain at $5,500. Servicemembers can contribute any whole percentage up to 92 percent of basic pay, as long as the annual total of the tax-deferred investment does not exceed $16,500.
For more information, contact a TSP representative at 877-968-3778 or visit the Thrift Savings Plan website at www.tsp.gov.
Military members must complete and forward TSP-U-1-C, TSP Catch-Up Contribution Election Form, to their local finance office to make catch-up contributions.
Learn more about the changes that will affect your 2010 tax claim.
