Agree, it's not a button, but my agency does list the exact amount with instructions for contributions. Your payperiods and instructions may vary.
The 2018 tax year for the Thrift Saving Plan (TSP) and TSP catch-up contributions will begin Pay Period 25 (December 10, 2017 through December 23, 2017) and will end with Pay Period 25 (December 9, 2018 through December 22, 2018). For 2018 tax purposes, there are 27 Pay Periods spanning Pay Periods 25- 26, 2017 and Pay Periods 1 – 25, 2018. The 2018 Annual IRS TSP Deferral Limit has increased from $18000 to $18,500. The 2017/2018 TSP Catch-Up limit remains unchanged at $6,000.
TSP Deferral Limit: The 2018 IRS annual elective deferral limit for TSP is $18,500. If you wish to contribute the maximum deferral amount evenly each pay cycle, the contribution amount is: $686 beginning with pay period 25, 2017 (12/10/2017). Contributions are permitted to be made in whole dollar amounts only. The final 2018 contribution will be adjusted to the amount of $664 to prevent exceeding the elective deferral limit for the 2018 tax year. Enrollment in TSP automatically continues each year.
TSP Catch-Up Limit: The 2018 IRS annual deferral limit for TSP catch-up is $6,000, unchanged from 2017. If you are age 50 or older (or if you will become 50 during the calendar year that you are making the election), and you are already contributing an amount which will result in reaching the elective deferral limit of $18,500 by the end of the tax year, you are eligible to make catch-up contributions. If you wish to contribute the maximum deferral amount evenly each pay cycle, the contribution amount is $223 beginning with pay period 25, 2017 (12/10/2017). Contributions are permitted to be made in whole dollar amounts only. The final 2018 contribution will be adjusted to the amount of $202 to prevent exceeding the elective deferral limit for the 2018 tax year. Enrollment in TSP catch-up ceases each year and does not automatically continue.
Enrollment/Changes:
To enroll or make changes to your TSP, you will need to access the self-service feature in MYEPP at: Employee Personal Page (EPP). The website offers a password/user ID recovery function. Changes will reflect as "Pending" if you select a future date effective date.
__._,_.___
Posted by: slackpcker <slackpcker@yahoo.com>
| Reply via web post | • | Reply to sender | • | Reply to group | • | Start a New Topic | • | Messages in this topic (5) |
Have you tried the highest rated email app?
With 4.5 stars in iTunes, the Yahoo Mail app is the highest rated email app on the market. What are you waiting for? Now you can access all your inboxes (Gmail, Outlook, AOL and more) in one place. Never delete an email again with 1000GB of free cloud storage.
Neither the TSP Strategy group, nor individual members, are licensed or authorized to provide investment advice. Any statements made herein merely reflect the personal opinions of the individual group member. Please make your own investment decisions based upon your personal circumstances.
.
__,_._,___
Anda baru saja membaca artikel yang berkategori dengan judul [TSP_Strategy] Re: Are You Losing Funds by Funding TSP Too Much?. Anda bisa bookmark halaman ini dengan URL https://1stleadershipworkshop.blogspot.com/2017/12/tspstrategy-re-are-you-losing-funds-by.html. Terima kasih!
Ditulis oleh:
Andriansyah -
Belum ada komentar untuk "[TSP_Strategy] Re: Are You Losing Funds by Funding TSP Too Much?"
Post a Comment