Birdwatch Note Rating
2024-10-12 23:23:16 UTC - HELPFUL
Rated by Participant: 4CEB97E8D397D0C20EA7D2640E3E43155124C9D38BE33A736453E65552E7F788
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