Birdwatch Note Rating
2024-10-12 22:33:23 UTC - NOT_HELPFUL
Rated by Participant: 2E8EF01BD4D35D83C6540E8B749CD85E8790D1168F91B4CE2EE887DA06B8E76E
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