Although the company the representative is purporting to be from is ACE Cash Express, Inc., it should be noted that ACE Cash Express, Inc., website: www.acecashexpress.com is licensed with the Department of Financial Institutions.
A: No, child support payments are not considered taxable income, according to the IRS. Child support payments are neither deductible by the payer nor taxable to the payee. So when you calculate your gross income to see if you are required to file a tax return, do not include child support payments received.
In Virginia, the person who receives spousal support must declare it as income and pay tax on it. If you pay spousal support, you are entitled to deduct the amount paid from your income for tax purposes. (This is different from child support, which is not taxable income to the parent who receives it and isn't deductible by the parent who pays it.)