A magnetic license protection and tagging device includes a main body with at least one magnet. The main body has a first pocket for holding at least one of a license and a tag. The main body is foldable between an open position and a closed position. The at least one magnet is connected to the main body, and selectively militates against the main body moving from the closed position to the open position. The magnetic license protection and tagging device may be secured to a game animal by magnetic attraction. The magnetic license protection and tagging device is used to appropriately tag the game animal in compliance with hunting laws.