Are you a veteran looking for the 2019 VA Disability Pay Rates? As a veteran, do you have a rating of over 10%? Military vets always take interest in looking for the maximum payout for their situations. If you are the person described in the following statements, then this chart will help you determine the amount monthly you are eligible to receive from the VA.
As of Dec. 1st, 2018, the VA Disability Compensation Rates are in effect. If you receive VA disability pay, you will notice the increased amount in your check. Since last year, there was an increase of 2.8%. This is the largest such cost-of-living adjustment (COLA) since 2012. This is how the government addresses rates for military retiree pay, as well as, several other government benefits. The next COLA will be announced on October 2019.
Because many will feel 2.8% is a low percentage increase, it may not seem so little over time! Now, veterans with disabilities can receive up to $3,625.99 per month. This monetary benefit from the VA Disability Compensation is tax-free and does not affect your taxes. Therefore, as a reminder that all compensation is tax-free and does not need to be declared on any taxes filed for the following year.
If you are a veteran with a service-connected disability rating of 10% or higher, you can determine how much tax-free compensation you’ll get each month by viewing this chart.
2019 VA Disability Compensation Rates
Veterans Guardian is here to help those seeking to maximize their potential payouts. If you would like to learn more or if you would like to speak with a representative to either increase your rating, you can contact us today!