Kingdom Tax Service

01/22/2022

https://kingdomtaxnotaryservice.schedulista.com

Online Scheduler for Kingdom Tax & Notary Service.

01/17/2021

Be the match Drive secured for January 23rd 11am -2pm. Those interested can join the registry now by texting TeamChocolateVon to 61474

BAKERSFIELD, Calif. (KGET) — One local family is asking for the community’s help in looking for a bone marrow donor to join a 14-year-old’s battle against cancer. Jehvan Crompton was di…

10/17/2019

Hey fb family and friends, I have a Toys for TOTs box in my office Kingdom Tax Service 3208 Stine Road. Asking for unwrapped gifts for all ages... thank you in advance.

07/25/2019

This coming season Kingdom Tax will be looking for some Certified Tax Preparers,

04/15/2019

April 15th, last day to file, Kingdom Tax Service will be open at 8am Walk ins welcome
6612827565

03/10/2019

Kingdom Tax is adding a new service coming soon .....

02/28/2019

Kingdom Tax is getting a facelift....

01/17/2019

If you have Independent Contractors working for you needing a 1099 call me 661.282.7565. I can file them. Due date tomorrow.

01/17/2019

2018 Itemized Deduction Changes

As the 2019 filing season is almost upon us this is a reminder of the changes to the 2018 itemized deductions.
Here is a summary of the changes:

Taxes
Total real estate and state and local income taxes/general sales taxes are limited to $10,000.


Interest
Home equity loan, home equity line of credit or second mortgage interest is only deductible if it was used to buy, build or substantially improve the home (main or second) that secures the loan.

Home mortgage interest is limited to $750,000 for homes purchased on or after December 15, 2017. The limit remains at $1,000,000 for homes purchased before that date.

Home mortgage interest remains deductible for interest paid on loan secured by the taxpayer’s main or second home.


Personal casualty losses are only deductible if the loss was incurred in a federally declared disaster area.

The FEMA disaster declaration number will now be required to be entered on Form 4684 (Casualties and Theft).


Miscellaneous itemized deductions subject to the 2% AGI floor are no longer deductible. This includes the Employee Business Expenses that were reported on Form 2106.


Medical expense AGI threshold is 7.5% for 2018 for all taxpayers.


Itemized deductions are no longer limited for higher income taxpayers.


Charitable Contributions

The AGI limitation is now 60% of AGI.

Payments made in exchange for college athletic seating rights are no longer deductible.