Birdwatch Note Rating
2024-10-12 19:27:47 UTC - NOT_HELPFUL
Rated by Participant: 0C0C7BB1C9D4A8183BCDABB7DEBF47CA85100D0B1F246126C8F248AA2B841F5F
Participant Details
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
All Note Details