How will the local option income tax affect Social Security income?

By Kirk Mason (mason@wsbt.com)

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A large crowd gathered in the South Bend Common Council chamber in support and against the proposed LOIT ordinance on Monday, July 13, 2009. (Tribune Photo/SANTIAGO FLORES)

By Beth Boehne

Story Created: Jul 15, 2009 at 1:19 PM EST

Story Updated: Jul 15, 2009 at 1:19 PM EST

ST. JOSEPH CO. — Now that we know St. Joseph County's income tax is going up, many retirees are wondering how this news will impact them.

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AUDIO: St. Joseph County Council president talks about LOIT

Bob Kincaid of South Bend has a Good Question: How will this affect Social Security income alone?

WSBT's Kirk Mason looked into it.

This 0.95 percent tax hike in St. Joseph County will not impact monthly Social Security checks.

Robert Walsh, the local spokesman for Social Security, says retirees need not worry about their monthly payment dropping.

Walsh says that's the case for both the income part of this tax along with the public safety and economic development portions.

But Walsh does say the tax increase could have some impact on a retiree’s tax return.

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