Information on Thrift Savings Plan (TSP) Elective Deferral Limits and Catch-up or “Spillover” Contributions for Military Members
What is the elective deferral limit?
The elective deferral limit is the maximum amount members can contribute from their pay to their TSP account. It applies to both traditional and Roth TSP accounts.
What is the catch-up or “spillover” contribution?
- 2023 elective deferral limit
- The elective deferral limit for individuals under the age of 50 can contribute up to $22,500 per year into the TSP.
For those turning 50 or older, once you exceed the elective deferral limit, your contributions will “spillover” and automatically start counting toward the catch-up limit.
For those younger than 50:
- 2023 spillover contribution limits
- Those aged 50 and above can make catch-up or “spillover” contributions of an additional $7,500, for a total of $30,000 per year ($22,500 + $7,500).
If a military member is under the age of 50, the pay system will automatically prevent them from contributing more than the elective deferral limit each year.
For those 50 or older:
If a military member is turning 50 or older, contributions will continue until catch-up eligible participants reach the combined elective deferral and catch-up or “spillover” limits for the year.
If you have questions about excess contribution, you can call the DFAS Customer Care Center at 1 -888-332-7411 or you can visit your local finance office.
For more information, please visit the following webpages:
Active Duty Military Member: https://www.dfas.mil/MilitaryMembers/tspformilitary/tspac/
Reserve/Guard Military Member: https://www.dfas.mil/MilitaryMembers/tspformilitary/tsprc/
Or visit the TSP website: https://www.tsp.gov/
Page updated November 15, 2022