If you live in a state that allows it, you may choose the following federal exemptions as opposed to your state exemptions.
Married couples may double all exemptions.
ASSET | EXEMPTION DESCRIPTION | LAW SECTION |
Homestead | Real property, including co-op or | (d)(1) |
Insurance | Disability, illness or unemployment | (d)(10)(C) |
| Life insurance payments for persons who depend on debtor, needed for support | (d)11)(C) | |
| Life insurance policy with loan value, in accrued dividends or interest, to $9,300 | (d)(8) | |
| Unmatured life insurance contract, except credit insurance policy | (d)(7) | |
Miscellaneous | Alimony, child support needed for | (d)(10(D) |
Pensions | ERISA-qualified benefits needed for | (d)(10)(E) |
Personal property | Animals, crops, clothing, appliances, | (d)(3) |
| Health aids | (d)(9) | |
| Jewelry to $1,150 | (d)(4) | |
| Lost earnings payments | (d)(11)(E) | |
| Motor vehicle to $2,775 | (d)(2) | |
| Personal injury recoveries to $17,425 (not to include pain and suffering or pecuniary loss) | (d)(11)(D) | |
| Wrongful death recoveries for person debtor depended on | (d)(11)(B) | |
Public benefits | Crime victims’ compensation | (d)(11)(A) |
| Public assistance | (d)(10)(A) | |
| Social Security | (d)(10)(A) | |
| Unemployment compensation | (d)(10)(A) | |
| Veterans’ benefits | (d)(10)(A) | |
Tools of trade | Implements, books & tools of | (d)(6) |
Wages | NONE |
|
WILD CARD | $925 of any property Up to $8,725 of unused homestead exemption, for any property | (d)(5) (d)(5) |
