The New Senior Deduction Could Slash Your Taxes by Over $1,000 — How to Tell Exactly How Much It Saves You Virtually all lower-class and middle-class retirees stand to gain from this tax break this season. Original Source: https://www.moneytalksnews.com/slideshows/the-new-senior-tax-deduction-is-even-better-than-a-social-security-tax-cut/