April 24, 2009 6:37:47 AM PDT. Slot machines are only supposed to be legal at one place in North Carolina. That's the reservation in Cherokee. But a loophole in state law is allowing a hi-tech version of slots to stay in play-for now anyway. In Garner, a sign on the storefront of a strip mall says fax, copy, internet. But inside, you don't see a traditional copy store. Instead, you see rows and rows of computers, lots and lots of people, and a very familiar sound: slot machines.
You can take money from your IRA account to give to your spouse, children or grandchildren to pay for approved higher education expenses without paying a penalty for the early withdrawal from your IRA.You will owe any applicable taxes on the withdrawal, but tuition expenses are exempt from gift taxes.ou can take money from your IRA account to give to your spouse, children or grandchildren to pay for approved higher education expenses without paying a penalty for the early withdrawal from your IRA.
We are not sure how much money we can give them without having to pay tax fees. In 2013 the IRS gift tax exclusion is $14,000 per donor per recipient. So effectively, married couples can â together â provide cash gifts of up to $28,000 per recipient without triggering a gift tax.So in your case, you and your spouse can give a combined gift of up to $56,000 this year to your son and future daughter-in-law ($28,000 to each).ou have to state by how much you gifted beyond the exemption and subtract that amount from your lifetime exemption of $5.25 million. This doesnât mean youâll owe any money right now. If in your lifetime you give away more than $5.25 million youâll be subject to a federal gift tax, currently 40%.