Birdwatch Note Rating
2024-10-13 00:31:10 UTC - NOT_HELPFUL
Rated by Participant: 9AAB6FC799A056EEEB9E40C4B971F0CA47842AB84F148EDE109821E1649A04E2
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