2024 Cost Of Living Increase For Veterans. The senator’s veterans’ cola act will increase certain va benefits including disability compensation, clothing allowances, and dependency and indemnity. Each year, the cola increase approved by the department of veterans affairs is the same as the amount approved for social.

Disability compensation for 2024 is getting a 3.2% boost as a result of social security. The latest cost of living adjustment (cola) for va disability benefits took effect on december 1, 2023.