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Federal Exemptions

The following is a list of the Federal Exemptions (current as of April 11, 2016). This list is not all inclusive but lists the most commonly claimed exemptions:

(*NOTE! The amounts listed as "joint" apply to married debtors or to two debtors sharing the same household.)

PROPERTY EXEMPTIONS

FEDERAL STATUTES

LIMIT ON THE AMOUNT OF THE FED. EXEMPTION

Real property or personal property used as residence

522(d)(1)

$$23,675 (single)
$47,350 (joint)

Motor vehicle

§ 522(d)(2)

$3,775 (single)
$7,550 (joint)

Household goods and furnishings, wearing apparel, appliances, books, animals, crops or musical instruments ($575 per item limit)

§ 522(d)(3)

$12,625 (single)
$25,250 (joint)

Jewelry

§ 522(d)(4)

$1,600 (single)
$3,200 (joint)

Any Personal Property (wildcard); Plus any unused residency exemption

522(d)(5)

Single: $1,250 up to $11,850; and Joint: $2,500 up to $27,000

Tools or implements of trade, professional books

§ 522(d)(6)

$2,375 (single)
$4,750 (joint)

Unmatured Life insurance policy (other than credit life)

522(d)(7)

100%

Life Insurance policy with loan value or accrued dividend or interest

522(d)(8)

$12,625 (single)
$25,250 (joint)

Health aids

522(d)(9)

100%

Social security benefits, unemployment compensation, or local welfare benefits

522(d)(10)(A)

100%

Veterans' benefits

522(d)(10)(B)

100%

Disability, sickness, or unemployment benefits

522(d)(10)(C)

100%

Alimony or Child Support

522(d)(10)(D)

100%

Stock bonus, pension, profit sharing, annuity, and similar plans

522(d)(10)(E)

100%

Crime victims' compensation

522(d)(11)(A)

100%

Wrongful death payments

522(d)(11)(B)

100%

Life insurance payments needed for support

522(d)(11)(C)

100%

Personal injury payments needed for support

522(d)(11)(D)

$23,675 (single)
$47,350 (joint)

Lost earnings compensation payments

522(d)(11)(E)

100%

Retirement accounts exempt from taxation under Internal Revenue Code

522(d)(12)

100%

Property of the Estate

541(b)(6)

100%

Wages

15 U.S.C. § 1673

75%