In the United States, there is a federal gift tax that applies to gifts made by an individual to others during their lifetime. However, there is a generous exemption amount that allows you to give away certain gifts without incurring gift taxes. In 2021, the exemption amount is $15,000 per person per year. In your case, you want to give your daughter and her husband a combined $50,000. Since the exemption amount is $15,000, you would be gifting $35,000 over the exemption limit. However, you and your spouse can each gift up to $15,000 to your daughter and her husband without incurring gift taxes. This means that you can split the gift between you and your spouse, gifting $15,000 each, and stay within the exemption limit. It is essential to note that this exemption is a lifetime limit, and any gifts exceeding this limit will be subtracted from your lifetime exemption amount, which is currently set at $11.7 million per individual. If you've already used a portion of this exemption, yo...