ilmscore | Prediction Details
By Graham Stephan | July 4, 2025 | Incorrect
Interpreted Prediction
Predicted that individuals can deduct interest payments on personal used car loans up to $10,000 per year, starting in 2025 and lasting through 2028.
AI Evaluation Notes
The prediction accurately foresaw a new tax deduction for car loan interest payments, an annual limit of $10,000, and the timeframe of 2025-2028, enacted by the 'One Big Beautiful Bill Act' on July 4, 2025. However, the deduction specifically applies to interest paid on loans for *new* qualified passenger vehicles, not used cars as stated in the prediction.

Prediction Details

Target
Deduct interest payments on personal used car loans up to $10,000 per year
Predicted date
2025 through 2028

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