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.
If you are a parent and claiming Income Support, you must also make a separate claim for Child Tax Credit. Income Support only includes money for adults. You do not have to claim Child Tax Credit if you are already on Income Support and still get extra money for your children as part of this payment.