Birdwatch Note Rating
2024-10-14 14:07:13 UTC - HELPFUL
Rated by Participant: F95DE60D7D17BAF29E1DF1D39AACCECECE4A041264A4D6B58D3160E8E7486746
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