As you may have heard, Social Security will be seeing the largest percent increase in decades, this had left many wondering if VA benefits will be getting a similar increase. They will, and that’s because, due to relatively recent changes in the law, VA benefits increase by the same percentage (also known as the COLA or cost of living adjustment) as Social Security. How much will VA benefits increase for 2023? Tabak Law has the answers for you.
How Much is the COLA for VA Benefits?
The COLA for Social Security next year is going to be 8.7%. Perhaps unsurprisingly, this COLA percentage is based on inflation which the Social Security Administration determines from specific consumer price indexes.
With the economy in a downturn and inflation on the rise, this increase will be a welcome change to many VA benefits recipients who are currently struggling. For many, it may be a bandaid. If that’s you, and you think you should qualify for a higher disability rating, then you should consider reaching out to Tabak Law for a free case review.
What to Expect For Your VA Benefits in 2023
As we said, the increase is 8.7%. Essentially, assuming no other changes, you will make 8.7% more per check than you did in 2022. An easy way to calculate this without even breaking out a calculator is to add $8.70 to your check amount for every $100. If you currently are getting $1,100 in 2022, then it’s $87 (for the $1000) plus $8.70 (for the additional $100). This means a total increase of $95.70 or a new check total of $1,195.70.
Read More: Can You Get VA Benefits For Getting COVID?
In December 2022, you will receive a notice of your new benefit amount. You can utilize our tables below to see how much you will potentially be receiving next year. This table is for reference only.
2023 VA Benefits Amounts (Without Kids)
Disability Rating | Veteran | With Spouse | With Spouse and Parent | With Spouse and Two Parents | With Parent | With Two Parents |
30% | $508.06 | $567.53 | $615.34 | $663.15 | $555.87 | $603.68 |
40% | $731.85 | $812.32 | $876.45 | $940.59 | $795.99 | $860.13 |
50% | $1,041.83 | $1,142.11 | $1,222.57 | $1,303.03 | $1,122.29 | $1,202.75 |
60% | $1,319.65 | $1,439.76 | $1,536.54 | $1,633.33 | $1,416.44 | $1,513.22 |
70% | $1,663.05 | $1,804.15 | $1,917.26 | $2,030.37 | $1,776.17 | $1,889.28 |
80% | $1,933.16 | $2,094.08 | $2,223.52 | $2,352.95 | $2,062.59 | $2,192.03 |
90% | $2,172.39 | $2,353.14 | $2,498.90 | $2,644.66 | $2,318.16 | $2,463.92 |
100% | $3,621.95 | $3,823.89 | $3,985.96 | $4,148.02 | $3,784.01 | $3,946.07 |
2023 VA Benefits Amounts (With One Child)
Disability Rating | Veteran | With Spouse | With Spouse and Parent | With Spouse and Two Parents | With Parent | With Two Parents |
30% | $547.70 | $613.01 | $660.82 | $708.63 | $595.51 | $643.32 |
40% | $785.50 | $871.79 | $935.92 | $1,000.06 | $849.63 | $913.77 |
50% | $1,108.29 | $1,216.74 | $1,297.20 | $1,377.66 | $1,188.76 | $1,269.22 |
60% | $1,400.11 | $1,529.55 | $1,626.33 | $1,723.14 | $1,496.90 | $1,593.68 |
70% | $1,757.51 | $1,907.93 | $2,021.05 | $2,134.16 | $1,870.62 | $1,983.73 |
80% | $2,040.44 | $2,213.02 | $2,342.46 | $2,471.89 | $2,169.87 | $2,299.31 |
90% | $2,293.67 | $2,487.24 | $2,633.00 | $2,778.76 | $2,439.43 | $2,585.19 |
100% | $3,756.99 | $3,971.78 | $4,133.84 | $4,295.90 | $3,919.06 | $4,081.12 |
How Much Does Each Child Add to VA Benefits in 2023
What happns if you have more than one schild or a schoolchild fever the age of 18 or even if you have a spouse that requires aid and attendance? Then you can refer to the chart below to find what additional benefits you are entitled to for 2023.
Disability Rating | Each Child Under 18 | Each Schoolchild Over 18 | Spouse Requiring Aid and Attendance |
30% | $29.15 | $96.79 | $55.97 |
40% | $39.65 | $129.44 | $73.46 |
50% | $50.14 | $160.92 | $93.29 |
60% | $59.47 | $193.57 | $111.95 |
70% | $69.97 | $226.22 | $129.44 |
80% | $79.29 | $258.87 | $148.09 |
90% | $89.79 | $291.52 | $166.75 |
100% | $100.34 | $324.13 | $185.20 |
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