Trump’s new ‘senior bonus’ can be a valuable retirement-savings tool — and help you save on taxes

Nevertheless, “there’s nothing in the law that restricts how that deduction interacts with other planning strategies like Roth conversions,” Levy noted. So while it wasn’t specifically crafted to accelerate Roth conversions, Levy said using the tax break for that goal “is very much in line with normal tax planning, where we look at all deductions and credits to manage marginal tax brackets over time.”Lawmakers crafted the deduction to lighten the tax burden of seniors with fixed incomes and higher medical c ...