Birdwatch Note Rating
2024-10-12 20:15:03 UTC - NOT_HELPFUL
Rated by Participant: CAEE47C369C5A7F0B7A35A2544993350C8ECC74CA40CE217D3B3F9C11CC45743
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