Birdwatch Archive

Birdwatch Note Rating

2024-10-13 03:39:04 UTC - HELPFUL

Rated by Participant: 837158FF5F1419AF634EB7C79B4DB216E36523FAB8AB0CA009B494378CC52D41
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

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Original Tweet

All Information

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