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.
Another is to set up a child care center at your business that qualifies for a tax deduction. Child Care Tax Credit Expenses for child care may be deductible on your personal income taxes. If you qualify, you may claim a federal tax credit of 20% to 35% of your annual child care costs.You can claim up to $3,000 of expenses for one dependent, and $6,000 for two or more dependents.nother is to set up a child care center at your business that qualifies for a tax deduction. Expenses for child care may be deductible on your personal income taxes. If you qualify, you may claim a federal tax credit of 20% to 35% of your annual child care costs.