Birdwatch Note Rating
2024-10-20 00:31:31 UTC - HELPFUL
Rated by Participant: 14D7C063651DD02CE549682A53044D6CBA2DD7C3F78E555F21D1F00BD33D00BE
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