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.
It expanded the role of the tax system in child support, which saw a diminished role for family allowances. The government instead established a Refundable Child Tax Credit of $200 per annum for families with incomes of $18,000 or less.As incomes rose above this level, benefits would be taxed away to disappear entirely at $26,000.t expanded the role of the tax system in child support, which saw a diminished role for family allowances. The government instead established a Refundable Child Tax Credit of $200 per annum for families with incomes of $18,000 or less.