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.
Most people felt $50 to $100 is the appropriate amount to spend on both high school and college graduates, according to the latest Investor Pulse survey from Spectrem Group's Millionaire Corner.According to the survey of 1,200 investors, 87 percent feel it is important to give graduation gifts to immediate family.ost people felt $50 to $100 is the appropriate amount to spend on both high school and college graduates, according to the latest Investor Pulse survey from Spectrem Group's Millionaire Corner.