Birdwatch Archive

Birdwatch Note Rating

2024-10-12 20:46:16 UTC - NOT_HELPFUL

Rated by Participant: 14F66E5CD40102D9BE2D261C5906DBC0B5D13C71CAA8CB5A7FBB70ABB96E6808
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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

All Information

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