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 tax exemption for a taxpayer between age 60 and 65 ($500 for a taxpayer over age 65), and for a taxpayer whose spouse has died since the taxpayer reached age 55, and the taxpayer has not since remarried.