Birdwatch Note Rating
2024-10-13 13:05:48 UTC - NOT_HELPFUL
Rated by Participant: 1D6BCF3EC5BD185718B3B9C72EDCB03A3CA0446941D34D4B83E574C2E6F6370E
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
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