Birdwatch Note Rating
2024-10-13 17:29:32 UTC - HELPFUL
Rated by Participant: 67476E420F2954D52B3F6CDDA4517882621C1F07F4688061E0F8317BCE8DA0FA
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