Birdwatch Archive

Birdwatch Note Rating

2024-10-12 20:16:07 UTC - HELPFUL

Rated by Participant: 6AEBA9046901D0571B8E447E0EC93DB869F1F433D6855A83C56E8B2B6B0A9E8B
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

Original Tweet

All Information

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