Birdwatch Note Rating
2024-10-13 01:44:52 UTC - NOT_HELPFUL
Rated by Participant: F9BE3E3E24A4E3122B267D3CDA6AEAFC3A140F58EE14FF5F7182ACBF596E35C3
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