BONUS-FOR THE VETERAN OF THE VETERAN SHARE OF THE DAY
VA disability rates 2021 were released on October 13, 2020, with the implementation of the Social Security Administration’s announcement of a 1.3% Cost of Living Adjustment (COLA) for 2021.
[BREAKING NEWS!] Veterans are getting a 1.3% VA disability pay increase for CY 2021.
The Department of Veterans Affairs (VA) adjusts veteran’s monthly disability compensation amounts based on the yearly change in the cost of living as determined by the Social Security Administration (final COLA adjustment of 1.3% in 2021 was based on the Bureau of Labor Statistics (BLS) report of September 2020 inflation data).
Now I’ve probably got you wondering, “Will veteran’s get a VA disability pay increase in 2021?”
Yes! Veterans will get a 1.3% VA disability pay increase for CY 2021.
The 1.3% COLA increase was small due to low inflation and the impact of the COVID-19 pandemic on the economy.
You might also be interested in the following high-value Blog posts:
VA Disability Pay Dates 2021
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5 Simple Ways to Increase Your VA Disability Rating
2021 COLA Increase is 1.3 Percent for Disabled Veterans
The new 2021 VA disability rates will be effective December 1, 2020, and disabled veterans will see the new 1.3% COLA increase on their January 1, 2021 VA compensation payment.
Disabled Veterans with a current VA disability rating of 10% of higher will receive a 1.3% increase in their VA disability pay rate for calendar year 2021.
For example, if you were previously getting $1,000 per month tax-free, a 1.3% VA pay increase is $13, so a veterans VA disability compensation pay in 2021 will go up to $1,013 per month.
Did you know 80% of Veterans (8/10 of you reading this right now…) are being shortchanged nearly $1,000/month tax-free on your 2021 VA disability pay?
>> Click HERE to learn “HOW to Increase Your Service-Connected VA Disability Rating!” <<
The official 2021 VA disability pay chart table along with footnotes is shown below for reference.
These rates include the 1.3% VA disability compensation payment increase over the 2020 VA disability rates.