I am seriously confused on this medical retirement and "special monthly compensation" S-1 code for housebound. My VA letter states I am entitle to SMC under this S-1 provision. Bottom line is that my disability is service connected, but not considered combat related so army retirement is...
Im mistaken. Since va is higher than 50 perc of base pay. You would be left with va pay only so 1500 per month. If disability is combat related you would be able to apply for crsc for additional payment.
How much is 80 perc va with 3 dependents. I think it is like 1500 per month. So to figure out what is taxable income, you would subtract 1500 (va pay) from 2500 which leaves 1000. 25 perc of 1000 is 250. That is taxes. So 2500 (base pay) - 250 is 2225. That should be your tske home pay per...
Does anyone know much about special monthly compensation? I am medically retiring at 100%. The VA form states "it is proposed to grant entitlement to special monthly compensation based on SMC - S being met."
It depends if your conditions are considered combat related (V Code). If they are, I think it would benefit you to medically retire since 75% pay would be tax free. Additionally, you would be able to apply for CRSC in lieu of CRDP. If not considered combat related, then better to stick with...