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Drew Blankenship

Most Americans Don’t Know the IRS Will Reimburse Them for Identity‑Theft Costs — Here’s How It Works

identity theft
Image Source: Shutterstock

Around 1 in 5 people in America have experienced identity theft in their lifetime. And, in 2023, identity fraud resulted in approximately $43 billion in losses for U.S. consumers. It can have a tremendous impact on your life, financially and emotionally. What many people don’t know is that the IRS will help reimburse you for identity theft costs, but there are some specific criteria you need to meet. Here’s how it works and what relief is actually available to people.

The IRS Doesn’t Cut Checks for Identity Theft

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