Birdwatch Note Rating
2024-10-13 01:01:45 UTC - HELPFUL
Rated by Participant: DE4CE0B36CF5171D89E370F105B365F4DFC325D77DD9C9B24BAE0DC5AF11409B
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