Can i deduct credit monitoring service

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Here is a list of our partners who offer products that we have affiliate links for. Are you sure you want to rest your choices? Varies, but you may only be able to access information from one or two credit bureaus at a time. They can now deduct any cost of offering identity theft protection to their employees or customers. The IRS defines identity theft protection services as:. That breach affected over , individuals. Whatever the reason, the announcement means this is a perfect time to sign up for identity theft monitoring services.

You can do so through an employer or directly with a retailer. Particularly for individuals, the ability to receive tax benefits while knowing your personally identifiable information is safe and secure is a great feeling. For existing subscribers, upgrading to premium services may now be a more viable option.