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 basis for Floridaâs child support calculations is each parentâs gross income, which includes wages, bonuses, commissions, business income, disability benefits, workersâ compensation benefits, pension payments, social security benefits and rental income, among other types of income.