Va Compensation Rates 2024 Smc K. 2024 va special monthly compensation rates will increase by 3.2% starting january 2024 as announced by the social security administration. We've built a calculator to help veterans determine their 2023 special monthly compensation rates.
Va special monthly compensation (smc) is a higher rate of compensation that we pay to veterans as well as their spouses, surviving spouses, and parents with. To find the amount payable to a 70% disabled veteran with a spouse and four children, one of whom is over 18 and attending school, take the 70% rate for a veteran.