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.
Graduation is quickly upon us this year. May is around the corner. Our account now stands at $345.00 and some change. We need a little more to make our goal of $500.00 for this 2017 school year. The last time most of us donated was at our 40th Year Class Reunion. (Oct. 15, 2015) Which was great because we not only gave a Scholarship but we were also able to give $100.00 Love Offerings to 4 other students graduating that year.