Arizona QBI Deduction Guide for Small Businesses 2026
The Qualified Business Income (QBI) deduction allows many small business owners to deduct up to 20% of their qualified business income. For 2026, the deduction remains in place and continues to be one of the most valuable tax benefits available to pass-through businesses. What Is the QBI Deduction? The QBI deduction (Section 199A) lets eligible […]
Arizona Year-End Tax Planning Checklist 2026
As we move into the final months of 2026, now is the best time for Arizona small business owners to review their tax situation. Smart year-end planning can reduce your tax bill, improve cash flow, and make next year’s filing season much smoother. Year-End Tax Planning Checklist Review your estimated tax paymentsConfirm you have paid […]
Arizona Vehicle Expense & Mileage Deduction Guide 2026
If you use your vehicle for business in Arizona, you can deduct the related expenses and lower your taxable income. Here’s a clear guide to the two main methods and what you need to know for 2026. Two Ways to Deduct Vehicle Expenses 1. Standard Mileage Rate This is the simplest method. You multiply your […]
Is There No Tax on Social Security in 2026?
Many retirees have heard that Social Security is now tax-free. The reality is more nuanced. Here’s what Arizona seniors need to know for 2026. Federal Taxation of Social Security Still Exists The basic federal rules have not changed. Up to 85% of your Social Security benefits can still be subject to federal income tax, depending […]
Arizona Charitable Tax Credit Form 321 Guide 2026
Arizona offers one of the most valuable state tax benefits available to individuals: the Charitable Tax Credit (claimed on Form 321). This credit lets you reduce your Arizona income tax dollar-for-dollar by donating to Qualifying Charitable Organizations (QCOs). 2026 Credit Limits Single, Married Filing Separately, or Head of Household: Up to $506 Married Filing Jointly: […]
Arizona Estimated Tax Payments Due September 15, 2026
The third-quarter estimated tax payment deadline for both federal and Arizona taxes is September 15, 2026. Missing this deadline can result in underpayment penalties, so now is a good time to review your numbers. Who Needs to Make Estimated Payments? You generally need to make estimated tax payments if you expect to owe tax after […]
Roth vs Traditional IRA Limits 2026
Understanding the 2026 contribution limits and income phase-outs for Roth and Traditional IRAs can help Arizona taxpayers maximize their retirement savings. Here’s a clear breakdown for single and married filers. 2026 Contribution Limits Under age 50: $7,500 Age 50 or older: $8,600 (includes $1,100 catch-up contribution) These limits apply to the total amount you can […]
No Tax on Tips 2026: How It Works and the Limits
A new federal tax provision allows many tipped workers to deduct a portion of their tip income, effectively reducing the income tax owed on those tips. Here’s a clear explanation of how it works in 2026 and what the limits are. What Is the “No Tax on Tips” Deduction? Under the One Big Beautiful Bill […]
IRS Requirements for Tax Refunds and Payments 2026
The IRS has made significant changes to how taxpayers receive refunds and make payments. Starting with returns filed in 2026, paper refund checks are being phased out, and electronic methods are now the standard. Tax Refunds – Direct Deposit Is Now the Standard Beginning September 30, 2025, the IRS began phasing out paper refund checks […]
2026 Arizona Tax Planning Guide for Small Businesses
As we move through the second half of 2026, now is one of the most important times of the year for small business owners in Arizona to review their tax situation. Waiting until December or early 2027 often means missed opportunities and higher tax bills. At Vault Financials, we work with Phoenix-area businesses every day […]