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.
Otherwise, the value of personal usage must be calculated accordingly and reported as a taxable benefit. Child Care Expenses are a taxable benefit unless child care is provided to all employees at the place of business for little or no cost. Gifts - Cash gifts or gift certificates are considered taxable benefits.