Millions of veterans receiving VA disability compensation will see an 8.7% increase in their monthly checks beginning in January. It is the largest VA disability pay increase in 30 years.
The VA benefits cost-of-living adjustment (COLA) is the same as the Social Security Administration’s COLA–a result of the Veterans’ Compensation Cost-of-Living Adjustment Act of 2022 signed by President Biden on Oct. 10.
This is the second year that officials cited rising inflation as the reason for the higher-than-usual increase. More than 5.3 million veterans receive VA disability benefits.
2023 VA disability compensation payments
Here are the 2023 VA disability compensation rates for a veteran with no dependents. Monthly compensation is higher for veterans with one or multiple dependents. (Updated Nov. 30, 2022, with amounts in effect Dec. 1, 2022 through Nov. 30, 2023.)
|VA Rating||2023 Monthly Compensation(Veteran with no dependents)||Monthly amount increase|
|100% (or TDIU)||$3,621.95||$289.89|
Payments to spouses and children receiving Dependents and Indemnity Compensation (DIC) will also increase. The new monthly payment is expected to be $1,562.73. More than 445,000 people receive DIC.
Monthly military pension payments are expected to increase by $87 for every $1,000 of retirement pension.
Veterans should start noticing the larger amount in their January 2023 payment. If you do not see a difference in the amount, you should contact the Veterans Benefits Administration.
How to Get a Free VA Claim Evaluation
If you have questions about applying for VA disability benefits or about appealing a VA decision, call Woods and Woods. Your claim evaluation is free, and if you need to appeal, our VA-accredited attorneys only charge if we win your appeal.
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“They brought me from being stuck at 30%. Denial after denial. Finally rated at 70%. Appealed for total and unable to work disability since 2014. Without Woods and Woods, I would still be stuck at 30%.“