<prompt> Human: So Im not sure if this is the correct place to ask this... but:Its wedding season for me. In the last few months, Ive attended 3 weddings. One of the new trends Im noticing is that couples are doing something called a honey fund now in place of the traditional gift registry.FYI - A honey fund is sorta like crowd sourcing but for a wedding. One couple used it to pay for the honeymoon. Another used it to put a down payment on a house. It makes sense in that folks my age tend to individually already have all the domestic stuff dishes, sheets, etc... under control.So my question is this: Is this considered additional taxable income? What about the gifts? From a purely personal finance position, how do wedding gifts physical and monetary effect your personal income? And again from a purely financial position which is better to receive?Thanks in advance!  <response>: Honeyfunds are the exact same as handing someone a check, minus a fee. I dont really understand their purpose; just hand them a checkcash. If you want cash instead of gifts, just dont register anywhere. 