Birdwatch Note Rating
2024-10-12 23:55:03 UTC - NOT_HELPFUL
Rated by Participant: 483AC779346080B4A70F0CD53A9AD9D9BB7468E0134C29A4D11DE80783AFFBE1
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