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 holiday season of giving just around the corner, itâs a good time to revisit down payment gifts for home buyers. Getting money for a down payment on a home purchase could be the best gift ever, but there are lender and IRS rules for gifts that you must know to make sure everything goes smoothly.Hereâs a rundown.irst, under 2014 annual gift tax exclusion law, any individual can gift any other individual $14,000 per year tax free. So a married set of parents can each give $14,000 to their single child for a total of $28,000.