Related Benefits Articles

VA Disability Compensation Options

Veteran with spinal cord injury performing therapy.

Disability Compensation is a tax free monetary benefit paid to Veterans with disabilities that are the result of a injury or disease incurred or made worse during active military service. Compensation may also be paid for disabilities that arise after discharge and are considered related to military service. Generally, the degrees of disability specified are also designed to compensate for considerable loss of working time from exacerbations or illnesses. See our Veteran Disability Compensation page for more details.

Dependency and Indemnity Compensation (DIC) is a tax free monetary benefit payable to surviving spouses, children, or parents of Servicemembers who died on active duty, active duty for training, or inactive duty training or survivors of Veterans who died from their service-connected disabilities. DIC for parents  is an income-based benefit. See our Dependency and Indemnity Compensation page for more details.

Special Monthly Compensation (SMC) is an additional tax-free benefit that can be paid to Veterans, their spouses, surviving spouses and parents. For Veterans, Special Monthly Compensation is a higher rate of compensation paid due to special circumstances such as the need of aid and attendance by another person or a specific disability, such as loss of use of one hand or leg. For spouses and surviving spouses, this benefit is commonly referred to as aid and attendance and is paid based on the need of aid and attendance by another person. See our Special Monthly Compensation page for more details.

Other Benefits: VA provides additional housing and insurance benefits to Veterans with disabilities, including Adapted Housing grants, and Servicemembers' Group Life Insurance Traumatic Injury Protection.

Related Topics

VA Medical Benefits Veteran Benefits

Military News App by Military.com

Download the new Military.com News App for Android on Google Play or for Apple devices on iTunes!

Contributor

The Department of Veterans Affairs (VA) honors the pledge that Military Service Members and Veterans made to protect our nation. As part of VA’s mission to provide world-class services for the men and women who sacrifice for us, we created a dedicated career support program just for them: VA for Vets.

VA is committed to helping Veterans thrive. VA for Vets works to turn this vision into reality by offering the tools they need to launch their civilian careers at VA.

We offer:

• Thorough military skills translation and career matching for Veterans seeking employment.

•  Professional development and deployment lifecycle support for current Veteran and Military Service Member employees.

• Online training and personalized services for supervisors, hiring managers and coworkers who work with our Veteran employees every day.

Come see how VA for Vets is connecting Veterans to information, tools and resources they need to succeed: www.VAforVets.VA.gov.

Featured VA Loan Articles

  • VA Loan Closing Costs: An Added Benefit
    Besides the advantage of requiring no down payment for qualified VA borrowers, there's also a distinct advantage for the borrow...
  • White suburban home.
    IRRRL Facts for Veterans
    Military.com
    IRRRL stands for Interest Rate Reduction Refinancing Loan,also known as a "Streamline" or a "VA to VA" loan.
  • US Map Showing High Cost Counties
    VA Loan Limits for High-Cost Counties 2017
    Military.com
    The VA loan limit for 2017 is $424,100. But it could actually be substantially more if you buy a home in a high-cost county. Se...
  • Get the FAQs on VA Home Loans
    We've answered 16 of the most frequently asked VA Loan Benefit questions. View them now to get a quick understanding of your be...
  • Top 3 VA Home Loan Tips
    There are numerous advantages to having a VA mortgage. A VA mortgage loan can be guaranteed with no money down, in some cases u...
© 2016 Military Advantage