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If you gift more then $14000 to any one person in the tax year you must report that under Gift Tax laws. You can give $14000 and if married your spouse can give $14000 to the same person ($28000 in total).
As there are 2 of them in this gift that means between yourself and spouse you can give in total $56000 before you would have to report the gift.
In your situation there would not be a reporting requirement because your gift, $53,250 is less.
Please let me know if you need clarification