Starting January 1, 2024, Disabled Veterans will see a 3.2% Cost of Living Adjustment, or COLA, increase in their monthly VA disability compensation.

Veterans with a current disability rating of 10% or higher will receive this 3.2% raise in their disability pay rate for the entire calendar year of 2024. The COLA increase is in line with the Social Security Administration’s announcement of a 3.2% COLA for 2024.

For example, a Veteran rated 100% with no dependents, receiving $3,621.95 in 2023, will see a monthly increase of $115.90, bringing the 2024 total to $3,737.85. Importantly, disability compensation, pension, and DIC benefits remain exempt from federal taxable income.

Over 5.4 million Veterans and nearly half a million surviving spouses and dependents will financially benefit from the 3.2% Cost of Living Adjustment in VA disability compensation for the year 2024.