| State | Inflation Adjustment | Last Year Change | Next Year Change | Frequency |
|---|---|---|---|---|
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AL |
Alabama adjusts the exemption amounts for homestead and wild card exemptions every three years, starting July 1, 2017, applicable in April of the following year. The most recent inflation adjustment (for July 2023 applied as of April 1, 2024. |
April 1, 2021 |
April 1, 2024 |
3 Years |
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AK |
Alaska revises its exemptions on October 1 of even-numbered years, in accordance with the Consumer Price Index; new amounts reported in Alaska Administrative Code 8 AAC 95.030. The most recent change was October 1, 2022. The next change will be October 1, 2024. - Alaska Stat. § 09.38.115. |
Oct 1, 2020 |
Oct 1, 2022 |
even numbered years |
|
AZ |
With the passage of 2022 Proposition 209, Arizona increased its homestead exemption to $400,000, adjusted for inflation every year, beginning January 1, 2024. ARS §33-1101 (D) |
$2,023 |
$2,024 |
1 year |
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AR |
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CA |
California updates its exemption amounts every three years. (§703.150) (The last revision was in 2022; the next will be April 1, 2025.) As a result, the amounts listed in this chart (from the 2019 revisions) may not match the amounts that appear in the cited statutes. The 2022 exemption amounts can be found on form EJ-156 the California Judicial Council Website. |
April 1, 2022 |
April 1, 2025 |
3 years, 2022, 2025 |
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CO |
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CT |
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DE |
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FL |
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GA |
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HI |
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ID |
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IL |
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IN |
Indiana adjusts its exemption amounts every six years, starting in 2010, most recently in 2022, and next in 2028. Ind. Code § 34-55-10-2.5. |
March 1, 2022 |
April 1, 2028 |
6 years, 2022, 2028 |
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IA |
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KS |
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KY |
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LA |
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ME |
Effective 2021, Maine adjusts its exemption amounts every three years. |
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Three |
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MD |
Maryland homestead amount is keyed to the inflation adjusted amount of the federal exemptions which change every three years and was last changed in 2022. Those inflation adjusted amounts can be found here. |
April 1, 2022 |
April 1, 2025 |
3 years, 2022, 2025 |
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MA |
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MI |
2023 INFLATION ADJUSTMENTS FOR BK-ONLY EXEMPTIONS: Under Michigan law, bankruptcy-only exemption amounts are adjusted for inflation on April 1, every three years (starting in 2005) by the Michigan Department of Treasury. These amounts have been adjusted, so the amounts listed in the statutes are not current. The most recent adjustment was published January 25, 2023 and applies to bankruptcies filed on or after April 1, 2023. Michigan inflation-adjusted exemption amounts for 2023 can be found here or by going to www.michigan.gov/treasury and typing "bankruptcy exemptions" in the search box. |
April 1, 2020 |
April 1, 2023 |
3 years 2023 |
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MN |
Section 550.37(4)(a) requires certain exemptions to be adjusted for inflation on July 1 of even-numbered years; this table includes all changes made through July 1, 2022. Exemptions are published on or before the May 1 issues of the Minnesota State Register, Current amounts can be found here. |
July 1, 2022 |
July 1, 2024 |
2 Years (even numbered years) |
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MS |
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MO |
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MT |
As of 2021, the Montana homestead limit is #350,000 and "must" increase 4% every calendar year after 2021. §70-32-104 (2)(c).
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January 1, 2023 |
January 1, 2024 |
Every Year - homestead +4% |
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NE |
Nebraska adjusts its personal property exemptions every 5 years, starting in 2023. NRS §25-1556(2). |
$2,023 |
$2,028 |
5 years 2023, 2028 |
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NV |
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NH |
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NJ |
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NM |
New Mexico exemptions are adjusted for inflation every odd-numbered year on July 1, starting in 2025. (§ 42-10-14) |
$2,023 |
July 1, 2025 |
odd numbered years, starting in 2025 |
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NY |
New York adjusts its exemption amounts for inflation every three years, starting in 2009, then 2012, 2015, 2018 and most recently on April 1, 2021. Click here for updated 2021 New York bankruptcy exemption amounts. The next change will be April 1, 2024 |
April 1, 2021 |
April 1, 2024 |
3 years 2021, 2024 |
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NC |
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ND |
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OH |
Ohio adjusts the exemption amounts found in section RC 2329.66 every three years. The latest inflation adjusted amounts for 2022 can be found here. The next change will be April 1, 2025. |
April 1, 2022 |
April 1, 2025 |
3 years, 2022, 2025 |
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OK |
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OR |
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PA |
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RI |
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SC |
South Carolina exemption amounts are now adjusted periodically by the Revenue and Statistical Affairs Office on July 1 of each even numbered year. See 15-41-30. (B) The most recent adjustment was for the year 2022. |
July 1, 2022 |
July 1, 2024 |
2 years (even years) |
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SD |
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TN |
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TX |
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UT |
The homestead exemption limit is adjusted annually for inflation. New amounts are found on the state auditor’s website. Utah Code Ann. § 78B-5-503 |
$2,023 |
$2,024 |
1 year |
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VT |
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VA |
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WA |
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DC |
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WV |
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WI |
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WY |
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