Contribution Limits for TSP
Many employees worry about the consequences of making contributions in excess of the Internal Revenue Service TSP contribution limits.
If an employee has made excess TSP contributions, those funds can be returned by completing Form TSP-44-Request for Return of Excess Employee Contributions. Eligible participants must complete the Form TSP-44 and send it to the TSP for processing. As soon as the TSP receives your TSP-44 your excess deferrals and earning will be returned to you.
- Also Read: Why the FERS Supplement Is Still a Lifeline for Early Retirees—But a Risky One
- Also Read: You May Be Eligible for Medicare Soon—Here’s How It Affects Your Other Coverage
- Also Read: Dental Plans Under FEDVIP Are Offering Better Coverage Than Ever—Why Federal Employees Are Taking Notice
Current TSP forms can be identified by locating the tax year found in the upper right-hand corner under the form name. If you request excess contribution limits you made in 2014, then the form should show tax year 2014.
P. S. Always Remember to Share What You Know.
Access your TSP.gov Account HERE
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