President Trump’s new tax break, worth up to $12,000, can help seniors save on taxes by turning more retirement savings into tax-free money. Some financial planners are using this “senior bonus” deduction to give clients extra wiggle room, making it a valuable tool for long-term retirement planning.
Source: https://www.marketwatch.com/story/trumps-new-senior-bonus-can-be-a-valuable-retirement-savings-tool-and-help-you-save-on-taxes-25e30a51