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2024 VA Disability Compensation Rates Increase by 3.2%

Tucker Disability Law | October 24, 2023

Are you a veteran receiving disability benefits?

If so, at the beginning of January 2024, you can expect a helpful increase in your compensation payment.

Official figures will be announced and finalized on December 1, 2023. Still, next year’s Cost of Living Allowance (COLA) adjustment is projected to be 3.2%. While it’s not as substantial as last year’s 8.7% increase, veterans will see a significant rise in their monthly disability benefits starting in 2024.

Every year Social Security and some other federal benefits are adjusted to keep up with increases in basic living costs such as housing, food, and utilities.

With inflation still on the rise, next year’s increase will definitely help the 75 million Americans who receive Social Security and SSI (Supplemental Security Income) benefits, VA disability and pension benefits, military retirement pay, and other government benefits.

Pay rates are based on the Social Security Administration’s (SSA) 2024 Cost of Living Adjustment (COLA) increase. Most government disability and retirement payments are required by law to increase annually by the same amount.

Veterans’ disability compensation is a tax-free monetary benefit paid to veterans with disabilities resulting from a disease or injury that occurred during active duty military service.

What Are the 2024 VA Disability Compensation Rates Based On?

Pay rates are based on a percentage scale that starts with 10% and rises to a maximum of 100% in 10% increments.

Your rating, as well as the number of your dependents, will determine the amount of your compensation. Extenuating circumstances, such as loss of a limb or other severe injury, or having a disabled spouse may also increase your benefits.

If you have multiple conditions that qualify you for disability, these conditions can be combined to give you a higher rating, increasing your compensation. You can learn more about how the VA combines ratings by watching the quick video below.

In this video, Disability Attorney John V. Tucker explains how the VA determines a disability rating when combining two or more ratings together. Unfortunately “VA math” is not simple addition, as one might think, which can often lead to confusion. This video uses a variety of examples to illustrate a complicated system used by the VA to determine an overall disability rating when two or more ratings are combined.

2024 VA Disability Pay Rates

2024 chart: Infographic of VA disability chart and table for 2024

*Official and final figures will be announced and finalized on December 1, 2023.

Below are the 2023 Disability Pay Rates for comparison. 

2023 VA Disability Pay Rates 

2023 chart: Infographic of VA disability chart and table for 2023

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How Do I Increase My VA Disability Rating?

Many veterans are frustrated because they feel that they have been underrated by the VA.

In addition, many service-related conditions such as chronic back pain, hearing loss, post-traumatic stress disorder (PTSD), or traumatic brain injury (TBI), among others, may not show up until after active service has ended, placing veterans outside the normal timeframe for applying for disability compensation.

Tucker Disability Law has helped veterans increase their VA disability rating for over 30+ years and we can help you too. If you feel that your disability rating should be higher, or if you’ve been denied a VA claim in the past, we would be happy to discuss your case with you.

Tucker Disability Law: Helping Veterans Nationwide

Veterans who have applied for disability and had their claim denied, have a right to file an appeal.

In addition, Veterans with preexisting conditions that are made worse by their time in service, or who develop service-connected disabilities following their time in the military, may also apply for benefits.

Or maybe you’re one of the thousands of veterans who are frustrated because they feel that they have been underrated by the VA.

Tucker Disability Law has helped veterans in every kind of situation for over 30+ years and we can help you too. Contact us so that we can have a discussion about your specific situation and make sure you’re getting the benefits you deserve.

Use the blue contact section NOW to call us, live chat with us, or message us using our confidential contact form.

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Why You Want Tucker Disability Law on Your Team

With over 30+ years experience winning cases, the attorneys at Tucker Disability Law have built a reputation for excellence, hard work, and always standing by our clients. Fighting insurance companies and the VA is what we do 24/7. Check out our Google reviews. Get to know us through our videos. Contact us for a free evaluation of your case. Let us prove to you that no one will work harder to win your case than Tucker Disability Law.