In 2022, Veterans who receive Veterans Administration disability compensation will see a sizable increase in Veterans Administration compensation checks.
VA disability compensation is a monthly tax-free monetary benefit paid to Veterans due to their service-connected disabilities; it compensates Veterans for their decreased quality of life or adverse effects on their ability to work.
According to the VA, the cost of living adjustment for 2022 will be 5.9%. This year's increase is the highest cost of living adjustment since 1983, when the VA increased rates by 7.4%.
Some examples of VA disability compensation increases:
For a 10% disabled Veteran, they would see their VA compensation go from $144.14 to $152.64, and a 50% disabled Veteran would see their VA compensation go from $905.04 to $985.43.
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In addition to VA disability recipients, the folks who receive the following benefits will also see the 5.9% increase for their 2022 payments:
- Military retirees.
- Veterans who receive VA disability.
- Veterans or surviving spouses who receive a VA pension.
- Surviving spouses and children who receive dependency and indemnity compensation (DIC).
- Social Security recipients.
- Federal civilian retirees.
- Supplemental Security Income.
- Social Security Disability Insurance.
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