2021 Va Disability Rates Increase
2021 va disability rates saw 1 3 cost of living increase based on the cola calculations.
2021 va disability rates increase. Earlier this year veterans and social security beneficiaries received a 1 6 percent cost of living increase. Use the va combined disability calculator or the charts below to find your monthly or annual disability payments. So far it s unclear exactly how much the increase for 2021 might be.
2021 cost of living adjustment cola the cola rate for 2021 was announced on october 13 2020. Importantly va disability compensation rates will increase due to the 2021 cost of living adjustment cola. Va disability compensation rates for conditions in 2021 va disability compensation rates for conditions.
Va disability pay dates 2021 tracker va disability compensation payment dates for 2021 va pay calculator made easy. Va disability increase disabled veterans will also get a bump. Disabled veterans with a current va disability rating of 10 of higher will receive a 1 3 increase in their va disability pay rate for calendar year 2021.
The 2021 cola jump was announced on october 13 2020 and is set at 1 3 which means disabled veterans rated at 10 or higher by the va will receive a 1 3 increase over and above their 2020 va pay rates. For a 50 disabled veteran with a spouse and one child who currently receives 1 056 04 per month this amounts to about 29 68 more per month. If you re a veteran with a 70 disability rating and you have a spouse plus 3 dependent children under the age of 18 you would start with the basic rate of 1 656 71 for a veteran with a spouse and 1 child.
However the increase will not go into effect until december 1 2020. The following tables show the 2021 va disability rates for veterans with a rating 10 or higher. The new 2021 va disability rates will be effective december 1 2020 and disabled veterans will see the new 1 3 cola increase on their january 1 2021 va compensation payment.
Va disability rates for 2021 and cost of living adjustment cola november 11 2020.