Special Monthly Compensation VA Benefits = Tax Free $$
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Special Monthly Compensation VA Benefits (SMC) is a tax-free benefit paid by the Department of Veterans Affairs (VA) to veterans, their spouses, surviving spouses, and parents with certain needs or disabilities. The amount of compensation a veteran receives depends on the category of SMC they are eligible for. In 2024, SMC payment rates range from $132.74 per month for SMC-K to as high as $10,697.23 per month for SMC-R/2 and SMC-T. The VA’s 2024 Special Monthly Compensation Rates page has exact numbers.
