Founder Tbird Posted December 3, 2023 Founder Share Posted December 3, 2023 VA Disability Basic Rates for 2024 2024 VA Disability Compensation Rate COLA Increase: The 3.2 percent cost-of-living adjustment (COLA) will begin with benefits payable to Social Security beneficiaries and veterans receiving VA Disability Compensation in January 2024. Source: VA Disability Rates Compensation rates for Veterans with a 10% to 20% disability rating. Effective Date 12/01/2023 Note: If you have a 10% to 20% disability rating, you won’t receive a higher rate even if you have a dependent spouse, child, or parent. These are the basic rates for rates with dependents click here. VA Disability Rates 10% to 20% Rating Disability rating Monthly payment (in U.S. $) 10% 171.23 20% 338.49 VA Disability Rates 30% to 60% Rating Dependent status 30% disability rating (in U.S. $) 40% disability rating (in U.S. $) 50% disability rating (in U.S. $) 60% disability rating (in U.S. $) Veteran alone (no dependents) 524.31 755.28 1,075.16 1,361.88 With spouse (no parents or children) 586.31 838.28 1,179.16 1,486.88 With spouse and 1 parent (no children) 636.31 904.28 1,262.16 1,586.88 With spouse and 2 parents (no children) 686.31 970.28 1,345.16 1,686.88 With 1 parent (no spouse or children) 574.31 821.28 1,158.16 1,461.88 With 2 parents (no spouse or children) 624.31 887.28 1,241.16 1,561.88 VA Disability Rates 70% to 100% Rating Dependent status 70% disability rating (in U.S. $) 80% disability rating (in U.S. $) 90% disability rating (in U.S. $) 100% disability rating (in U.S. $) Veteran alone (no dependents) 1,716.28 1,995.01 2,241.91 3,737.85 With spouse (no parents or children) 1,861.28 2,161.01 2,428.91 3,946.25 With spouse and 1 parent (no children) 1,978.28 2,294.01 2,578.91 4,113.51 With spouse and 2 parents (no children) 2,095.28 2,427.01 2,728.91 4,280.77 With 1 parent (no spouse or children) 1,833.28 2,128.01 2,391.91 3,905.11 With 2 parents (no spouse or children) 1,950.28 2,261.01 2,541.91 4,072.37 Special Monthly Compensation SMC letter designation Monthly payment (in U.S. $) How this payment variation works SMC-K 132.74 If you qualify for SMC-K, we add this rate to your basic disability compensation rate for any disability rating from 0% to 100%. We also add this rate to all SMC basic rates except SMC-O, SMC-Q, and SMC-R. You may receive 1 to 3 SMC-K awards in addition to basic and SMC rates. SMC-Q 67.00 This is a protected rate that we haven’t awarded since August 19, 1968. If we awarded you an SMC-Q designation, we pay this rate in place of your basic disability compensation rate. Dependent status SMC-L (in U.S. $) SMC-L 1/2 (in U.S. $) SMC-M (in U.S. $) SMC-M 1/2 (in U.S. $) SMC-N (in U.S. $) Veteran alone (no dependents) 4,651.06 4,891.50 5,132.92 5,485.61 5,839.08 With spouse (no parents or children) 4,859.46 5,099.90 5,341.32 5,694.01 6,047.48 With spouse and 1 parent (no children) 5,026.72 5,267.16 5,508.58 5,861.27 6,214.74 With spouse and 2 parents (no children) 5,193.98 5,434.42 5,675.84 6,028.53 6,382.00 With 1 parent (no spouse or children) 4,818.32 5,058.76 5,300.18 5,652.87 6,006.34 With 2 parents (no spouse or children) 4,985.58 5,226.02 5,467.44 5,820.13 6,173.60 Dependent status SMC-N 1/2 (in U.S. $) SMC-O/P (in U.S. $) SMC-R.1 (in U.S. $) SMC-R.2/T (in U.S. $) SMC-S (in U.S. $) Veteran alone (no dependents) 6,182.55 6,526.64 9,326.07 10,697.23 4,183.85 With spouse (no parents or children) 6,390.95 6,735.04 9,534.47 10,905.63 4,392.25 With spouse and 1 parent (no children) 6,558.21 6,902.30 9,701.73 11,072.89 4,559.51 With spouse and 2 parents (no children) 6,725.47 7,069.56 9,868.99 11,240.15 4,726.77 With 1 parent (no spouse or children) 6,349.81 6,693.90 9,493.33 10,864.49 4,351.11 With 2 parents (no spouse or children) 6,517.07 6,861.16 9,660.59 11,031.75 4,518.37 View full record Tbird Founder HadIt.com Veteran To Veteran LLC - Founded Jan 20, 1997 HadIt.com Veteran To Veteran | Community Forum | RallyPoint | FaceBook | LinkedIn | About Me Time Dedicated to HadIt.com Veterans and my brothers and sisters: 65,700 - 109,500 Hours Over Thirty Years I am writing my memoirs and would love it if you could help a shipmate out and look at it. I've had a few challenges, perhaps the same as you. I relate them here to demonstrate that we can learn, overcome, and find purpose in life. The stories can be harrowing to read; they were challenging to live. Remember that each story taught me something I would need once I found my purpose, and my purpose was and is HadIt.com Veterans. Link to comment Share on other sites More sharing options...
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