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.
College. Graduating from a college is a big deal, which makes many people wonder if a larger monetary gift is required. Millionaire's Corner's survey shows that many people give between $100 and $500 dollars for the college graduation of a relative or close friend.Clearly, there is plenty of debate and discrepancy regarding how much to give a graduate.f you're wondering about how much to give for a graduation gift, you should consider first what you can afford and then your relationship to the graduate. According to Miss Manners, there is no specific amount that etiquette dictates is appropriate for a graduation gift. You should give only what you want to spend.