The U.S. Food and Drug Administration (FDA) is strengthening an existing label warning that non-aspirin nonsteroidal anti-inflammatory drugs (NSAIDs) increase the chance of a heart attack or stroke.
Not everyone receiving a cash gifts want to make a 20% downpayment, though. Cash gifts are also allowed for low-downpayment mortgages including the FHA purchase mortgage, which requires a 3.5% downpayment; and the Conventional 97 mortgage from Fannie Mae and Freddie Mac which requires just 3% down.
With the annual gift tax exclusion, you're allowed to give money or property with up to $15,000 for 2018 without having to file a gift tax return or pay any gift tax. The $15,000 amount is the maximum you can give to any one person, but you can make multiple $15,000 gifts to different people and still get an exclusion for each. The annual gift tax exclusion is indexed for inflation. However, the amount is rounded to the next lower multiple of $1,000. As a result, the exclusion was stuck at ...