What is “Special Monthly Compensation”?
Special Monthly Compensation (SMC) is an additional tax-free benefit that can be paid to Veterans, their spouses, surviving spouses, and parents. SMC is paid by the Department of Veterans Affairs (VA).
It’s Important to Understand SMC
SMC eligibility can materially assist Veterans and their families, including spouses, children, and parents. Here is just one of the SMC monthly compensation rate tables posted by VA (with rates effective as of 12/1/2014). Continue reading