A bill to amend the Internal Revenue Code of 1954 to provide an additional personal exemption for certain elderly individuals whose spouses have died.

Amends the Internal Revenue Code to provide a $750 personal exemption for taxpayers between 60 and 65 years of age, and a $500 exemption for taxpayers over the age of 65, where the taxpayer's spouse has died since the taxpayer attained the age of 55, and the taxpayer has not since married.