IRS Tax Tip 2012-64, April 3, 2012. If you owe tax with your federal tax return, but can't afford to pay it all when you file, the IRS wants you to know your options and help you keep interest and penalties to a minimum.
The amount spent by each individual on graduation gifts also hit a new high this year, rising from a tick under $98 last year to $102.50 this year, and the average graduation gift-giver is shopping for two people â so those new grads will have to share the wealth.
Men are planning a total budget of $109.74 (over the averageâ¦of course). Meanwhile, women are looking to spend a total of $90.70 (below the averageâ¦of course). Way to go guys! The average ladyâs budget is only 17% lower than yours (much better than the 50% on Valentineâs Day).â¦And it shows in the graduation gift spending. By age demographic, those 65+ spend the most per recipient of any other age group. On average, theyâll pay out $63.96 per recipient on gifts for the youth.Perhaps itâs all the leftover money from when a college degree cost less than a house.he average ladyâs budget is only 17% lower than yours (much better than the 50% on Valentineâs Day). â¦And it shows in the graduation gift spending. By age demographic, those 65+ spend the most per recipient of any other age group. On average, theyâll pay out $63.96 per recipient on gifts for the youth.