A recent study by French researchers found that men who eat the most spicy foods tend to have higher testosterone levels than those with milder palates. Study authors attribute the T-boosting effects in part to capsaicin, a compound in chilies that previous research has associated with increased testosterone levels.
Gift Limits. Regardless of your child's age, certain rules apply across the board if you want to give money tax-free. As of January 2015, you can give up to $14,000 individually or $28,000 as a married couple to your child annually without paying taxes. However, you must still file Form 709 for amounts above these levels. Furthermore, you can give up to $5.43 million in your lifetime without penalty, but using your exemption will also reduce your estate tax exemption by the same amount. Types of Gifts You can give your child a variety of different monetary gifts, including cash, securities, property or money in the form of trusts.
In 2014, you can give a lifetime total of $5.34 million in taxable gifts (that exceed the annual tax-free limit) without triggering the gift tax. Beyond the $5.34 million level, you would actually have to pay the gift tax.ifts subject to the gift tax. The following gifts are considered to be taxable gifts when they exceed the annual gift exclusion amount of $14,000 in 2014. Remember, taxable gifts count as part of the $5.34 million in 2014 you are allowed to give away during your lifetime, before you must pay the gift tax.