Personal Finance

VA Disability Rates 2024: Will payments increase in 2024?

As the announcement was made on October 12, 2023, and was duly finalized on December 1, what changes will actually be made to the money?

VA Disability Rates 2024: Veteran Affairs’ (VA) Disability Rate is expected to increase by approximately 3.2% in 2024, in line with the federal government’s Cost of Living Adjustment (COLA).

In addition to providing support and services to veterans and their families, the Department of Veterans Affairs (VA) is a federal agency. Among the benefits offered by the VA are healthcare, disability compensation, education, training, home loans, insurance, and many others.

As the announcement was made on October 12, 2023, and was duly finalized on December 1, what changes will actually be made to the money?

VA Disability Rates 2024: 10%-20% with no dependents

This ranges between $171.23-$338.49.

Without Children; 30%-100%

The first number is 30%, the last is 100%.

  • Veteran Alone: $524.31, $755.28, $1075.16, $1361.88, $1716.28, $1995.01, $2241.91, $3737.85

  • Veteran with a spouse only: $586.31, $838.28, $1179.16, $1486.88, $1861.28, $2161.01, $2428.91, $3946.25

  • Veteran with a spouse and one parent: $636.31, $904.28, $1262.16, $1586.88, $1978.28, $2294.01, $2578.91, $4113.51

  • Veteran with a spouse and two parents: $686.31, $970.28, $1345.16, $1686.88, $2095.28, $2427.01, $2728.91, $4280.77

  • Veteran with one parent: $574.31, $821.28, $1158.16, $1461.88, $1833.28, $2128.01, $2391.91, $3905.11

  • Veteran with two parents: $624.31, $887.28, $1241.16, $1561.88, $1950.29, $2261.01, $2541.91, $4072.37.

With Children: 30%-100%

  • Veteran with Child Only: $565.31, $810.28, $1144.16, $1444.88, $1813.28, $2106.01, $2366.91, $3877.22

  • Veteran with a spouse and child: $632.31, $899.28, $1255.16, $1577.88, $1968.28, $2283.01, $2565.91, $4098.87

  • Veteran with a spouse and one parent and one child: $682.31, $965.28, $1338.16, $1677.88, $2085.28, $2416.01, $2715.91, $4266.13

  • Veteran with a spouse and two parents and child: $732.31, $1031.28, $1421.16, $1777.88, $2202.28, $2549.01, $2865.91, $4433.39

  • Veteran with one parent and child: $615.31, $876.28, $1227.16, $1544.88, $1930.28, $2239.01, $2516.91, $4044.48

  • Veteran with two parents and child: $665.31, $942.28, $1310.16, $1644.88, $2047.28, $2372.01, $2666.91, $4211.74

Eduvast Desk

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