- Elective Contributions
- Elective Deferral Limits
Who should use this calculator?
Each year the IRS determines the maximum amount you can contribute to tax-deferred savings plans like the TSP. This is known as the IRS elective deferral limit. Participants should use this calculator to determine the specific dollar amount to be deducted each pay period in order to maximize your contributions and, if you are a FERS employee, to ensure that you do not miss out on Agency Matching Contributions.
What information do you need to use this calculator?
- Your most recent earnings statement.
- The number of annual salary payments you will receive in 2015 or 2016 from which your new contribution election will be deducted.