Determination of the Exempt Amounts for 2019
Ordinarily the exempt amounts are determined according to formulas set by law. The formulas are applicable only if a cost-of-living increase becomes effective for December of the year in which a determination of the exempt amounts would ordinarily be made. Because there is a cost-of-living increase for December 2018, the exempt amounts for 2019 are computed according to the statutory formulas.

Determination of the Lower Exempt Amount for 2019
The monthly exempt amount for 2019 is determined to be the larger of:

• the 1994 monthly exempt amount multiplied by the ratio of the national average wage index for 2017 to that for 1992, or
• the 2018 monthly exempt amount of \$1,420.
If the amount so determined is not a multiple of \$10, we round it to the nearest multiple of \$10. The annual exempt amount is then 12 times the rounded monthly exempt amount.

Amounts informula Computation 1994 monthly exempt amount \$670 1992 average wage index 22,935.42 2017 average wage index 50,321.89 \$670 times (50,321.89 divided by 22,935.42) equals \$1,470.03, which rounds to \$1,470 \$1,470 exceeds the monthly exempt amount for 2018, so the monthly exempt amount for 2019 is \$1,470

The annual exempt amount for 2019 is 12 times the monthly amount \$1,470, or \$17,640.

Determination of the Higher Exempt Amount for 2019
The monthly exempt amount for 2019 is determined to be the larger of:

• the 2002 monthly exempt amount multiplied by the ratio of the national average wage index for 2017 to that for 2000, or
• the 2018 monthly exempt amount of \$3,780.
If the amount so determined is not a multiple of \$10, we round it to the nearest multiple of \$10. The annual exempt amount is then 12 times the rounded monthly exempt amount.

Amounts informula Computation 2002 monthly exempt amount \$2,500 2000 average wage index 32,154.82 2017 average wage index 50,321.89 \$2,500 times (50,321.89 divided by 32,154.82) equals \$3,912.47, which rounds to \$3,910 \$3,910 exceeds the monthly exempt amount for 2018, so the monthly exempt amount for 2019 is \$3,910

The annual exempt amount for 2019 is 12 times the monthly amount \$3,910, or \$46,920.