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.
Gift taxes for 2014 In good news for you -- and possibly for those who receive your gifts -- the gift tax exclusion has risen in recent years. For 2013 and 2014, you can give up to $14,000 per person before you are required to file a gift tax return.You may be able to give more than $14,000 to someone without having to file a gift tax return. You can pay someone's medical expenses or tuition directly without counting the amount you pay as a gift.he amount that your gift exceeds the annual limit is applied to your lifetime gift tax exemption. The exclusion amount in 2014 is $5,340,000. If you're the recipient of a generous gift, you have even less reason to worry.