The year 2022 has seen a significant rise in inflation that has dramatically increased everybody’s cost of living. In response to the substantial change in inflation, the Veterans Disability Compensation and the Social Security Cost affected disabled veterans have been adjusted for 2023. Review and familiarize yourself with how the adjustments for the upcoming year could affect your compensation rates.
The 2023 Veterans Disability Compensation Rates
Veterans with a 10-20% Disability Rate
Veterans with a 30-100% Disability Rate
Calculating the expected veteran’s disability compensation for those classified between 30-100% is tied to the number and type of dependents.
Veterans that fall within the 30-60% disability rating can expect the following basic monthly payments:
|
Dependent |
30% |
40% |
50% |
60% |
|
1 |
$548.05 |
$785.86 |
$1,108.82 |
$1,400.65 |
|
1 |
$612.05 |
$870.86 |
$1,215,82 |
$1,528.65 |
|
1 |
$660.05 |
$934.86 |
$1,296.82 |
$1,625.65 |
|
1 |
$708.05 |
$998.86 |
$1,377.82 |
$1,722.65 |
|
1 |
$596.05 |
$849.86 |
$1,189.82 |
$1,497.65 |
|
1 |
$644.05 |
$913.86 |
$1,270.82 |
$1,594.65 |
In addition, veterans with a 30-60% disability rating are eligible to receive the following added amounts if their dependent falls into one or more status:
|
Dependent |
30% Disability Rating |
40% Disability Rating |
50% Disability Rating |
60% Disability Rating |
|
Every |
$30.00 |
$40.00 |
$50.00 |
$60.00 |
|
Every |
$97.00 |
$129.00 |
$162.00 |
$194.00 |
|
Spouse |
$56.00 |
$74.00 |
$93.00 |
$111.000 |
Veterans that fall within the 70-100% disability rating can expect the following basic monthly payments:
|
Dependent |
30% |
40% |
50% |
60% |
|
1 |
$1,757.06 |
$2,041.15 |
$2,293.39 |
$3,757.00 |
|
1 |
$1,907.06 |
$2,212.15 |
$2,486.39 |
$3,971.78 |
|
1 |
$2,020.06 |
$2,341.15 |
$2,631.39 |
$4,133.85 |
|
1 |
$2,133.06 |
$2,470.15 |
$2,776.39 |
$4,295.92 |
|
1 |
$1,870.06 |
$2,170.15 |
$2,438.39 |
$3,919.07 |
|
1 |
$1,983.06 |
$2,299.15 |
$2,583.39 |
$4,081.14 |
In addition, veterans with a 70-100% disability rating are eligible to receive the following added amounts if their dependents fall into one or more statuses:
|
Dependent |
70% Disability Rating |
80% Disability Rating |
90% Disability Rating |
100% Disability Rating |
|
Every |
$70.00 |
$80.00 |
$90.00 |
$100.34 |
|
Every |
$226.00 |
$259.00 |
$291.00 |
$324.12 |
|
Spouse |
$130.00 |
$148.00 |
$167.00 |
$185.21 |
Social Security Cost-of-Living Adjustment for 2023
The Social Security Administration has announced an 8.7% cost-of-living adjustment will be applied for Social Security and Supplemental Security Income (SSI) benefits.