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.
15 Smart Gifts For The New College Graduate. As graduation ceremonies around the country start to take place, you may be looking for the perfect gift for a new college grad. Money is an obvious option, but presents that will help grads post-college are even more useful. Here are 15 great gifts at varying price points that any grad would love.