A bill to amend the Internal Revenue Code of 1954 to allow a deduction of $1,000 for each dependent who has attained age 55 and who is a member of the taxpayer's household.

Amends the Internal Revenue Code to allow a deduction from gross income of $1,000 for each dependent who has attained the age of 55 and is a member of the taxpayer's household. Increases the deduction to $2,000 for dependents who are blind or bedridden.