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.
Gifting generally is a way to avoid estate taxes for the donor and the recipient, according to Borison. That's because the tax code allows each American to give away up to $5 million -- through gifts, an estate or a combination of the two â tax-free in his lifetime. A married couple can give up to $10 million.Both amounts are adjusted for inflation under the 2010 legislation.nnual Limit. For citizens of average means, the most important portion of the tax code allows taxpayers to give away up to $13,000 (adjusted for inflation) annually, tax-free, to as many people as the giver wants. For a married couple the limit is $26,000. These gifts are not part of the $5 million lifetime limit.