CALL US TO GET STARTED

855-855-8992

FREE Guide Books
Free Case Evaluation

CALL US TO GET STARTED

855-855-8992

Free Case Evaluation
FREE Guide Books

2024 VA Disability Cost of Living Adjustment and Pay Rates

Cost Of Living Adjustment

i 3 Table Of Contents

2024 VA Disability Cost of Living Adjustment and Pay Rates

The latest cost of living adjustment (COLA) for VA disability benefits took effect on December 1, 2023. Benefits for 2024 will be 3.2% higher than 2023 benefits. Here’s what that means for those receiving veterans disability benefits. 

How Is The Cost Of Living Adjustment Determined? 

Each year, the Social Security Administration (SSA) announces a cost of living adjustment based on the increased cost of living compared with the previous year. The VA’s COLA is based on that calculation 

With inflation high in 2022 and 2023, veterans have seen big bumps for the past couple of years. In 2023, benefits increased by 8.7%. Inflation is slowing, now, and so are those increases. 

How Will the 2024 Adjustment Impact Veterans Disability Benefits? 

New monthly veterans disability benefits for the veteran alone will be: 

  • 100% – $3,737.85 (up from $3,621.95 in 2023)
  • 90% – $2,241.91 (up from $2,172.39 in 2023)
  • 80% – $1,995.01 (up from $1,933.15 in 2023) 
  • 70% – $1,716.28 (up from $1,663.06 in 2023)
  • 60% – $1,361.88 (up from $1,319.65 in 2023)
  • 50% – $1,075.16 (up from $1,041.82 in 2023)
  • 40% – $755.28 (up from $731.86 in 2023)
  • 30% – $524.31 (up from $508.05 in 2023)
  • 20% – $338.49 (up from $327.99 in 2023)
  • 10% – $171.23 (up from $165.92 in 2023)

A veteran who has a disability rating of 30% or higher and has dependents is typically entitled to increased compensation. Those rates will also be bumped up by 3.2% for 2024. For example, a veteran with a spouse and one child will receive $4,098.87 in VA disability benefits, up from $3,971.78 in 2023.

Veterans don’t have to take any action to see larger payments. The increase takes effect in December and will be reflected in end-of-month payments. 

Need Help With Veterans Disability Benefits? 

The seasoned advocates at Veterans Help Group are dedicated to ensuring that disabled veterans and their dependents or surviving family members get the benefits they deserve. To learn more about how we can help with both initial claims and appeals, call us today at 855-855-8992 or contact us here today!

Free Case Evaluation

More Articles

The Importance of Documentation: Gathering Evidence for a PTSD VA Disability Claim

The Importance of Documentation: Gathering Evidence for a PTSD VA Disability Claim Post-traumatic stress disorder is one of the most common reasons veterans receive VA disability benefits. In 2022, 1,343,669 veterans were receiving benefits for service-connected PTSD....
Read More

How to Win Your PTSD Claim

How to Win Your PTSD Claim - Donnel Beckles, Managing VA Advocate, Veterans Help Group Donnel Beckles is a top Veterans Advocate, and a member of the National Organization for Veterans Advocates. Donnel is accredited to practice...
Read More

PTSD and Veterans: Understanding the 100% Disability Rating Requirements

PTSD and Veterans: Understanding the 100% Disability Rating Requirements Post-traumatic stress disorder is common among veterans, and many veterans receive veterans disability benefits for the condition. However, most are rated less than 100% disabled. The standard...
Read More

What Causes PTSD to be Triggered in Veterans?

In the past 15 years, the estimated number of veterans who have been diagnosed with PTSD currently numbers more than 500,000. As many as 60,000 of these veterans are Iraq and Afghanistan war veterans. Estimates show more than 20% to 30% of veterans...
Read More

FREE CASE EVALUATION 

"*" indicates required fields

Name*
Hidden
Hidden

By submitting this form, I give express consent that this serves as my electronic signature to receive automated communications including calls, texts, emails, and prerecorded messages from [Disability Help Group/Veterans Help Group], including a free consultation to determine if they can help me with a Social Security Disability and/or Veteran's Disability claim, and follow up and marketing communications. I understand that standard cellular, message and data rates will apply and that message frequency varies. I understand that I may opt out at any time by texting STOP. I waive all federal and state no-call registry protections. I understand my consent does not require me to purchase anything. Consent is not a condition of representation. I acknowledge that I have read and agreed to the Privacy Policy and SMS Terms of Service.

I, agree and understand that by clicking Yes I agree, please contact me for a free consultation, this serves as my electronic signature, and that all electronic signatures are the legal equivalent of my manual/handwritten signature. I consent to be legally bound to this agreement.

This field is for validation purposes and should be left unchanged.