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.
How Much to Spend on a High School Graduation Gift. May 29, 2014 Grace Mathews Making College Count Blog, Parentâs Corner 3 comments. You are looking to give a high school graduation gift, but have no idea where to start. You donât even know how much to spend on a high school graduation gift.Sure itâs the thought that counts when it comes to giving a gift, but you want to give something meaningful too. You can gauge how much to spend based on the gifts you receive from your friends and try to spend about the same. 2  If you have not gotten any or if you are all doing a gift exchange at the same time, somewhere in the $15-$30 range should be good.