logo
#

Latest news with #AidandAttendance

Big VA benefits coming in August for US veterans: How much money you will get and when? Check eligibility
Big VA benefits coming in August for US veterans: How much money you will get and when? Check eligibility

Economic Times

time4 days ago

  • Business
  • Economic Times

Big VA benefits coming in August for US veterans: How much money you will get and when? Check eligibility

NYT News Service The VA has launched the new 2025 rates for the Disability Compensation Rates Millions of veterans in the United States receive benefits from the Department of Veteran Affairs (VA) through a variety of financial support programs every month. A large chunk of that money goes to those on disability compensation, which currently supports around 6.2 million people. These monthly payments are not taxed and they go to support veterans with disabilities - either mental or physical - that relate to their VA has launched the new 2025 rates for the Disability Compensation Rates, according to Marca. These are monthly, tax-free benefits show what eligible veterans qualify to receive. At present, the rates are up by 2.5 percent to match the 2025 Cost-of-Living Adjustment (COLA) jump and this move aims to minimize the damages and to keep up with the rising living costs. ALSO READ: Millions of US citizens to receive $1,390 stimulus soon? Check if you qualify and when to expect it Generally, the VA benefits payments come at the end of the month, but the exact date varies. Veterans Guide has confirmed that the August disability payment is scheduled for August 29. Here's a look at full VA benefits schedule for August and for the rest of the year: Friday, August 29, for AugustWednesday, October 1, for September Friday, October 31, for OctoberMonday, December 1, for NovemberWednesday, December 31, for DecemberALSO READ: Why Jessica Radcliffe's Orca 'attack' clip went viral and what your human brain does in moments of shock For single veterans in 2025, a full 100% disability means more than $44,000 a year tax-free. Those with less than 30% get the same each month, no matter their family size. Above 30%, pay rises if there are spouses or dependent elders. Adding a child clearly raises the money. Families with more children get more each month. There are also extra benefits for kids over 18 who attend college. It is key to keep accurate dependent records to maximize benefits. ALSO READ: Seven simple brain exercises to lower your dementia risk For those with a 10% disability rating (the lowest designation) the monthly payment this year is $175.51, regardless of how many dependents are claimed. The rating increases in 10-percentage-point increases up to 100%, with the amount of financial support going up 2025, veterans with a 100% disability rating and no dependents will receive $3,831.30 per month. For those with more severe disabilities, this amount rises for each dependent—whether it's a spouse, child, or parent. In certain cases, Aid and Attendance benefits can also be added, offering extra financial support for help with daily activities or household your Veterans Affairs (VA) disability payment hasn't arrived, you may need to reach out for assistance. You can call the VA benefits hotline at 800-827-1000 between 8 a.m. and 9 p.m. (ET), or visit your local VA benefits office to get in-person help. ALSO READ: 9 shocking facts about 'killer whale' Orcas that will leave you surprised Some veterans can be added to get extra compensation on top of their base rate: Aid and attendance: For daily help needs like eating, bathing, or dressing, an extra $196 a month. Housebound status: For those stuck at home with service injuries, an extra $178 a month. These extra payments are meant to give a meaningful support for vets with big and specific medical or mobility challenges. While small, they add over $2,000 a year while still being tax-free. To know your exact benefits based on your family, check the VA's rate page or use resources like disability guide.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store