Birdwatch Note Rating
2024-10-12 19:42:31 UTC - NOT_HELPFUL
Rated by Participant: 0F39F238694327A2174E4305093E2DAE11140C199227358238E7EB0939953629
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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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