Question: what is the maximum contribution to thrift savings plan?
Answer: The annual contribution limit in 2020 for the TSP will be $19,500, up from $19,000 in 2019, a 2.6% increase. This limit also applies to 401(k), 403(b), and most 457 plans. The catch-up contribution limit for employees aged 50 and over who participate in these plans is increased from $6,000 to $6,500.