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.
The Colorado legislature has provided that, in determining a parent's income for purposes of calculating child support, the income to be counted is that from any source, with certain defined exceptions. The child support statute sets forth a non-exclusive list of what is included in the definition of income..