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.
So how much money should you give as a graduation gift these days? According to a new survey, from RetailMeNot.com, people give an average of $111 for a high school graduation, $243 for a college graduation, and $256 for a grad school graduation.Whatâs with the funky figures, $111?Why isnât the average for high school plain old $100? Anyway that is too rich for my blood.ccording to a new survey, from RetailMeNot.com, people give an average of $111 for a high school graduation, $243 for a college graduation, and $256 for a grad school graduation. Whatâs with the funky figures, $111?