Birdwatch Archive

Birdwatch Note Rating

2024-10-13 13:02:46 UTC - NOT_HELPFUL

Rated by Participant: 63280E0FCA8BA44682EBF663EC6034A64036E4A5BFC5E536F658BC7F20C8678A
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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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Original Tweet

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