Birdwatch Archive

Birdwatch Note Rating

2024-10-12 18:18:58 UTC - NOT_HELPFUL

Rated by Participant: A9CCBE7B4C4E47412CD4714467BD15A863882A97F7D4C3634782802A46C394E7
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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

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