Birdwatch Note Rating
2024-10-12 21:57:33 UTC - HELPFUL
Rated by Participant: 8CC4D364D7466B73397365482CF4882F11B95C8E52021987F2F8B4A4C79FF15D
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