With an increasing number of individuals relying on Social Security benefits as a significant source of income during their retirement, it is essential to understand the tax implications associated with these benefits. The Social Security system, created in 1935, is a social insurance program that provides financial assistance to retired individuals, people with disabilities, and survivors of deceased workers. The primary question many people ask is whether their Social Security benefits are taxable or not. The answer is not a simple yes or no; it depends on various factors, including your total income and filing status. This article provides a comprehensive breakdown to help you understand the taxability of Social Security benefits.