Birdwatch Note Rating
2024-10-12 20:52:49 UTC - NOT_HELPFUL
Rated by Participant: E767C94B3910D54EF31F73FEC898205C5F56EC9978133E043BE62B70F4940D63
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
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