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 an additional $750 personal tax exemption for a taxpayer: (1) who is between age 60 and 65 ($500 for a taxpayer over 65); (2) whose spouse has died since the taxpayer reached age 55; and (3) who has not remarried.