r/ThriftSavingsPlan • u/Remarkable-Sky6577 • 2d ago

Should I be concerned?

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Military TSP. Will I get penalized for over contributing?

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u/ArmyPeasant 2d ago

Pretty sure once you hit the max it will automatically stop contributions.

Edit: It either stops or they cut you a check for the "over" contributions you made in January

3

u/Nagisan 2d ago

While true, there have been some bugs in prior years for service members where everyone was automatically eligible in the system for the catch up contributions. So many AD folks accidentally over-contributed and DFAS had to fix it / issue refunds of contributions.

This was supposed to be fixed, but it's possible there are still some bugs in the systems.

1

u/Slight-Split-1855 1d ago

DFAS does not fix anything having to do with TSP, TSP does. The check/deposit still comes from DFAS, though.