Money Management Articles

Kids & Money

College and taxes: MNCPA outlines the importance of determining who takes the dependency deduction -- parent or student? - 11/2/2014
If you or a member of your household is a college student or returned to school for additional training in the past year, there are important tax considerations to discuss with your CPA as you organize your state and federal income tax return information for 2014, advises the Minnesota Society of Certified Public Accountants (MNCPA).

How to guard against child identity theft - 10/16/2014
Your child begins to receive offers for pre-approved credit cards. It sounds annoying, but nothing to be worried about, right? In fact, it could be one of the warning signs that your family is the victim of child identity theft. Nearly 3 percent of U.S. households with children under 18 -- or one in 40 households -- has been struck by child identity theft, according to the Identity Theft Assistance Center.

9 ways to trim your back-to-school budget - 8/7/2014
The National Retail Federation predicts combined spending for back to school and college is expected to reach $74.9 billion, or $669.28 per family on apparel, shoes, supplies and electronics, an increase of 5 percent from last year.

Know what’s at stake before taking student loans - 8/7/2014
With student loan defaults at historic highs, students and their parents need to understand the ramifications of defaulting on a student loan. The Minnesota Society of CPAs (MNCPA) cautions parents to think carefully about co-signing for a student loan and to be sure they understand what it could mean to their own financial future.

MNCPA issues list of strange and unusual tax deductions - 2/17/2014
The Minnesota Society of Certified Public Accountants (MNCPA) recently conducted its annual CPA member survey about the most strange and unusual tax deductions proposed by clients. Responses included everything from pets and wedding rings to gifts not given.


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