If you’re a veteran receiving disability benefits from the Department of Veterans Affairs (VA), you might be aware of the 3.2% increase in benefits for 2024. To help you manage your finances, it’s essential to know exactly when you’ll receive your payments.
VA Disability Payment Schedule for August 2024:
The VA typically pays disability benefits on the first business day of the following month. However, if the first falls on a weekend or holiday, payments are made on the last business day of the preceding month. Here’s the payment schedule for the upcoming months:
Come out to the Salisbury VA Medical Center this Saturday, August 3rd, for the Pact Act Summer VetFest! Get access to resources, benefit information, and more. Register today > https://t.co/ZTHbksrpS9#VA #veteransaffairs #education #resources #VAbenefits #veterans pic.twitter.com/B3SsMQg4xJ
— Veterans Bridge Home (@VetBridgeHome) July 31, 2024- August 2024 Payment: August 30 (Friday)
- September 2024 Payment: October 1 (Tuesday)
- October 2024 Payment: November 1 (Friday)
- November 2024 Payment: November 29 (Friday)
- December 2024 Payment: December 31 (Tuesday)
Current VA Disability Compensation Rates:
Veterans: File your PACT Act claim by August 14 to be eligible for backdated benefits. The PACT Act is the largest expansion of veteran benefits in recent history, & it’s paying off for thousands of Indy residents. Visit https://t.co/urDWLqnhjQ or contact my office for more info. pic.twitter.com/lpwLC0RegL
— André Carson (@RepAndreCarson) July 30, 2024For those with a disability rating between 10% and 20%, the monthly payments are as follows:
- 10% Rating: $171.23
- 20% Rating: $338.49
For Ratings Between 30% and 100%: The monthly payments vary based on disability rating and dependent status. Here’s a brief overview:
- 30% Rating:
- Veteran Alone: $524.31
- Veteran with Spouse: $586.31
- 60% Rating:
- Veteran Alone: $1,361.88
- Veteran with Spouse: $1,486.88
New VA Benefits Payment – $3,600 announced to be paid in August https://t.co/f6cNgqyFhp
— tekgypsy (@tekgypsy) July 30, 2024These rates increase if you have additional dependents such as children or parents.
Dependency and Indemnity Compensation (DIC): This tax-free benefit is available to certain surviving family members of veterans. Eligibility includes cases where the veteran died while on active duty, had a service-connected death, or was rated as permanently and totally disabled by the VA.
Veterans and Survivors Pension: This needs-based benefit supports low-income veterans or their surviving family members, differing from disability-based payments.
Additional Resources:
- VA Official Website
- Salisbury VA PACT Act Summer VetFest Event
- Military.com Benefits Overview
- The American Legion VA Benefits Guide
Staying informed about these dates and rates ensures you can plan your finances effectively and take full advantage of your benefits.