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Generally, credit monitoring fees are considered a personal expense, and therefore not deductible.
You can, however, deduct losses because of identity theft to the extent you are not reimbursed or compensated for the loss.
[Edited, 03/11/2018, 07:35 pm EST]
Generally, credit monitoring fees are considered a personal expense, and therefore not deductible.
You can, however, deduct losses because of identity theft to the extent you are not reimbursed or compensated for the loss.
[Edited, 03/11/2018, 07:35 pm EST]
In the newest tax law act personal losses are not deductible any longer unless in a federal disaster area+
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