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 is therefore vital that parents understand what funds can be considered income under the child support guidelines, and what funds are excluded from the definition of income. Income for Purposes of Child Support. Each state's child support guidelines contains a definition of gross income.. At the very minimum, pursuant to federal law, the definition of income must take into consideration all income and earnings of the non-custodial parent.