Birdwatch Note Rating
2024-10-13 13:27:20 UTC - HELPFUL
Rated by Participant: EAEBBB00D56DC091B8F11B53C30CEF526795391F1291C3EF443D8375F23DF2C2
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