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 money can I get? Amounts can change yearly. For the 2017â18 award year (July 1, 2017, to June 30, 2018), the maximum Federal Pell Grant award is $5,920. The amount you get, though, will depend on. your financial need, your cost of attendance, your status as a full-time or part-time student, and