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 Gift $$ Amount? Hello Ladies. I am headed off to a graduation party for 3 of my cousins and have no idea what the appropriate amount to give is. The oldest is graduating with her Masters, the next has earned her Bachelors and the youngest has just graduated from High School. Any suggestions will be greatly appreciated.