Revised Federal Bankruptcy Exemption Amounts As of April 1, 2022
The federal bankruptcy exemptions are revised every three years. The last change was in 2019 and now they are changing again in 2022. The next change will be in 2025.
The following are the new Federal Bankruptcy exemption amounts, effective April 1:
| Exemption: | Amount |
| Homestead - § 522(d)(1) | $27,900 |
| Motor Vehicle - § 522(d)(2) | $4,450 |
| Household Goods - § 522(d)(3) - Per Item Limit - Aggregate Limit |
$700 $14,875 |
| Jewelry - § 522(d)(4) | $1,875 |
| Wild Card - § 522(d)(5) - Any property - Unused homestead under § 522(d)(1) |
$1,475 $13,950 |
| Tools of the Trade - § 522(d)(6) | $2,800 |
| Unmatured Life Insurance - § 522(d)(8) | $14,875 |
| Personal Injury Claims - § 522(d)(11)(D) | $27,900 |
State Exemption Law Inflation Changes
Some states (Alabama, Arizona, Alaska, California, Maine, Maryland, Michigan, Minnesota, Montana, Ohio, and South Carolina) periodically adjust their statutory exemption limits for inflation.
See the table below for more details.
- 2021
- 2022
- Alaska — October 2022 (even-numbered years)
- California — April 2022 (every three years)
- Indiana — March 2022 ((every 6 years)
- Maryland — April 2022 (every three years) Homestead Only
- Minnesota — July 2022 (every two years)
- Montana — Homestead (every year 4% — $364,000)
- Ohio — April 2022 (every three years)
- South Carolina — July 2022 (every two years)
- 2023
- Michigan — April 2023
- Montana — Homestead (every year 4% — $378,560)
- Nebraska Personal Property Exemption Amounts
- Adjusted Every 5 Years
- beginning in 2023.
- Neb. Rev. Stat. § 25–1556
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