Birdwatch Archive

Birdwatch Note Rating

2024-10-12 18:56:07 UTC - NOT_HELPFUL

Rated by Participant: 09AE73946AB32F4C78F8F399EF60E2DDD4D5321F24F6CCA17C05F7A5B042F3DB
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Original Note:

NNN - The other note overlooks the point of the article, that the deduction requires itemizing, which is mostly done by high-income earners (AGI $500k+). Thus, while low credit scores do lead to higher auto loan interest, the deduction would mainly benefit wealthier taxpayers. https://taxpolicycenter.org/briefing-book/what-are-itemized-deductions-and-who-claims-them

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Original Tweet

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