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.
Children you support. In IRS-Speak, a child you support is a âqualifying child.â. To be qualifying, the child doesnât have to be your biological child, but must be related to you, such as a stepchild, adopted child, brother, sister, niece, nephew â you get the idea. The child has to be under age 19 unless permanently and totally disabled.