Birdwatch Note Rating
2024-10-12 23:15:54 UTC - NOT_HELPFUL
Rated by Participant: 267B5D9A8487A76CE2E3B3D041C8C029113DB9F137CAE2FEA4D097B741A2DB76
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