Chilson Business & Tax Services

Chilson Business & Tax Services Individual and Business Tax Services, Payroll and Comprehensive Bookkeeping Services as well as QuickBooks Training and Support. Appointments made by phone.

Education is our passion and we strive to assist our clients in becoming "tax savvy" and "business savvy".

Thank you for your service and dedication.
01/10/2026

Thank you for your service and dedication.

I’m so blessed to have you as a daughter-in-law. You’re truly a treasure. “Happy Daughters Day!”
09/27/2025

I’m so blessed to have you as a daughter-in-law. You’re truly a treasure. “Happy Daughters Day!”

07/22/2025

No Tax on Overtime - Effective for tax years 2025 through 2028

Under the new law, workers can deduct up to $12,500 in overtime pay and $25,000 in reported tips from their taxable income on federal tax returns.

The deduction is capped at $12,500 for single filers and $25,000 for joint filers and phased out by $100 for each $1000 by which the taxpayer’s modified adjusted gross income exceeds $150,000 ($300,000 in the case of a joint return). Qualified overtime compensation is defined by reference to the Fair Labor Standards Act (FLSA). Overtime is still wages for F**A tax purposes, meaning the wages are still subject to social security and Medicare tax.

Employers will still withhold federal taxes from your overtime and tips during the year. But when you file your 2025 return early next year, the deduction could shrink your tax bill or increase your refund.

You will still owe state income taxes on your overtime and tips. The new federal law doesn’t change state tax laws.

Address

545 N Mountain Avenue, Ste 107
Upland, CA
91786

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(909) 920-9200

Website

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