Birdwatch Archive

Birdwatch Note

2024-08-14 13:02:00 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

This misrepresents what the tax law actually says. It's not that you can't use those things as tax deductions, it's that the standard deduction was increased to a level that makes it more beneficial for most taxpayers to take the standard deduction rather than itemizing them. https://www.investopedia.com/taxes/trumps-tax-reform-plan-explained/

Written by 46D3EBC20A8CAC1676B0A0D93946A529C2BA9015361EEE30DAC073C30C4D5A9F
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• noteId - 1823706638798168342
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• noteAuthorParticipantId - 46D3EBC20A8CAC1676B0A0D93946A529C2BA9015361EEE30DAC073C30C4D5A9F Participant Details
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• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• summary
• This misrepresents what the tax law actually says. It's not that you can't use those things as tax deductions, it's that the standard deduction was increased to a level that makes it more beneficial for most taxpayers to take the standard deduction rather than itemizing them. https://www.investopedia.com/taxes/trumps-tax-reform-plan-explained/