Any filter applied to a Smart Object is a Smart Filter. Smart Filters appear in the Layers panel below the Smart Object layer to which they are applied. Because you can adjust, remove, or hide Smart Filters, they are nondestructive.
You can apply any Photoshop filter (that has been enabled to work with Smart Filters)—except for Lens Blur, Flame Picture Frame, Trees, and Vanishing Point—as a Smart Filter. In addition, you can apply Shadow/Highlight as Smart Filters.
To work with Smart Filters, select a Smart Object layer, choose a filter, and then set filter options. After you apply a Smart Filter, you can adjust, reorder, or delete it.
To expand or collapse the view of Smart Filters, click the triangle next to the Smart Filter icon, displayed to the right of the Smart Object layer in the Layers panel. (This technique also shows or hides Layer Style.) Or, choose Layers panel Options from the Layers panel menu, then select Expand New Effects in the dialog box.
Use filter masks to selectively mask Smart Filter effects.