2020 VA Disability Rates saw 1.6% cost-of-living increase based on the COLA calculations. For a 50% disabled veteran with a spouse and one child who currently receives $1,026.36 per month, this amounts to about $16 more per month.
2020 disability rates are effective 12/1/2019.
VA disability rate increases are determined by Cost-of-Living-Adjustments (COLA). To calculate the VA disability rate increase the average of the COLA indices of July, August, and September 2019 was compared with the 2018 3rd quarter average.
See our COLA increase watch for more information on how 2020 VA disability rates are determined.
Remember, VA disability compensation is not taxable at the federal level; do not include VA disability benefits as gross income on income tax statements.
Read more: https://militarybenefits.info/va-disability-rates/#ixzz68fWAPYi3
… Read the full article here at militarybenefits.info