In re Farnsworth

MEMORANDUM OF DECISION

Honorable Jim D. Pappas, United States Bankruptcy Judge

Introduction

In this chapter 71 ease, the Court is asked to revisit an exemption ruling it made in 2001. In doing so, the Court determines that, based upon changes made to the Federal tax laws, a different result is now required.2

Facts

On July 23, 2015, Daren Robert Farns-worth and Michele Farnsworth (“Debtors”) filed a chapter 7 bankruptcy petition. Dkt. No. 1. When they filed their return for tax year 2015, Debtors were entitled to receive a Federal tax refund, $2,831 of which was attributable to an Earned Income…