Chilson Business & Tax Services

08/07/2026

Stay strong.
Move your body.
Feed it well.
Protect your peace.
Be humble.
Love your family.
Laugh often.

That’s the kind of wealth of money can’t buy.

01/10/2026

Thank you for your service and dedication.

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.

01/28/2025

Tax Filing Deadline extended for Wildfire Victims in California:

The Internal Revenue Service postpones various tax filing and tax payment deadlines for California wildfire victims located in Los Angeles county. Effective taxpayers will have until October 15, 2025 to file returns and pay any taxes that were originally due during this period.

Reference: irs.gov/newsroom/irs-announces-tax-relief-for-taxpayers-impacted-by-wildfires-in-california-various-deadlines-postponed-to-oct-15

01/16/2025

0ne Tax Change to Share:

The new Form 1099-K rules will result in more people receiving 1099's related to the sale of personal items (selling your old baseball cards on eBay, selling clothing on Poshmark.com, etc.) If you receive a 1099-K, please make a note of the items you sold, and how much you originally paid for each item that was sold. It is VERY possible that these sales will be NON-TAXABLE.

07/31/2024

Great event to support the community! Nice event for families as well! Great opportunity to meet their new K-9 Pria.

05/10/2024

Happy German Shepherd Day from our pack to yours!

03/30/2024