If you’re currently receiving Department of Veterans Affairs disability payments, then you’ll be happy to hear that there’s a 3.2% increase in your benefits scheduled for 2024.
But when can you anticipate the arrival of those monthly checks? Disability benefit payments for a specific month are typically issued on the first business day of the following month.
However, there is a condition to be aware of. If the first day of the month happens to be a non-business day or a holiday, VA benefits will be paid on the last business day of the preceding month.
Now, let’s discuss the monthly VA payment benefits. VA disability pay is a tax-free monthly payment provided to veterans who have a service-related disability and were honorably discharged.
The range of amounts can vary significantly, from as low as $165 to well over $3,600.
If you meet the eligibility requirements, you may be eligible to receive Dependency and Indemnity Compensation (DIC).
This monthly benefit is tax-free and is available to certain surviving family members of veterans. Additionally, eligible low-income veterans or their surviving family members can benefit from the Veterans and Survivors Pension.
VA Disability Pay
Furthermore, eligible veterans who have experienced the loss of specific organs or extremities due to their service may be entitled to Special Monthly Compensation (SMC) in addition to VA disability pay.
Also worth mentioning are Aid and Attendance and Housebound benefits, which provide additional financial support for in-house care, nursing home care, and assisted living, in addition to the monthly VA disability payments.
In order to stay informed about your veteran benefits, it is crucial to stay updated on the constantly evolving world of military benefits. Subscribe to Military.com for access to current pay charts and the latest benefits, conveniently delivered to your inbox.
Keep in mind that these benefits are designed to assist you, so be sure to make the most of what you’re eligible for.