Is alimony income taxable?
Yes, alimony income is taxable in Kansas. In accordance with the United States Tax Code, alimony payments must be reported as taxable income by the recipient and claimable as a deduction for the payor. To determine if alimony received is taxable, you should look to the terms of the divorce agreement or separation decree. If the agreement states that the payments are "alimony or separate maintenance," then those payments are taxable. In Kansas, alimony is usually paid in the form of periodic payments and is usually stated to be in lieu of, or in substitution for, a property division. It is a payment made from one party to the other and is separate from child support. In the event of an audit, the payor should provide documentation to prove that the payments meet all the criteria of an alimony payment. These include the payor’s name and Social Security number, the recipient’s name and Social Security number, the amount paid, and a brief description of the payment. The payor must also provide proof of payment such as a canceled check, money order, or other document evidencing payment. In conclusion, alimony payments are taxable in Kansas. Both the payor and recipient must report and document the payments in accordance with the terms of the divorce agreement.
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