Professional Income Tax Services in Kalamazoo, Michigan

At Lockwood Tax Center, our team of tax professionals provides a full range of income tax services for individuals, families, contractors, and small business owners. Our team will handle all facets of the tax preparation and filing process. We’ll make sure you get the most out of your tax return.

  • Drop-off your tax documents or have them done while you wait

  • We file tax returns electronically

  • Quick tax return preparation

  • Debit & Credit Cards accepted

  • 1040, 1040A, 1040EZ, 1120, 1120S, 1041, 1065

  • Personal Income

  • Trusts and Estates

  • C-Corps, S-Corps

  • Limited Liability Corporations

  • Partnerships

2018 Tax Law Changes

Standard Deduction Amount Increases

  • All Filing Status Types Affected

  • Single and Married Filing Separately: $12,000

  • Married Filing Jointly: $24,000

  • Head of Household: $18,000

Child Tax Credit Has Been Increased

  • The Child Tax Credit increases from $1,000 to $2,000

  • New $500 credit for non-child dependents

  • Taxpayers can only deduct up to $10,000 in state and local income taxes

Other Notable Changes

  • You can no longer claim the $4,050 personal exemption for each dependent.

  • If you purchased a home in 2018 you can only deduct interest up to $750,000 in mortgage debt. Interest deduction on home equity loans has been eliminated.

  • Individuals that are without healthcare coverage for the year will not have to pay tax penalties.

2020 Tax Brackets

Tax RateIndividualMarried, Filing JointlyMarried, Filing SeparatelyHead of Household
10%$0 to $9,875$0 to $19,750$0 to $9,875$0 to $14,100
12%$9,876 to $40,125$19,751 to $80,250$9,876 to $40,125$14,101 to $53,700
22%$40,126 to $85,525$80,251 to $171,050$40,126 to $85,525$53,701 to $85,500
24%$85,526 to $163,300$171,051 to $326,600$85,526 to $163,300$85,501 to $163,300
32%$163,301 to $207,350$326,601 to $414,700$163,301 to $207,350$163,301 to $207,350
35%$207,351 to $518,400$414,701 to $622,050$207,351 to $311,025$207,351 to $518,400
37%$518,401 or more$622,051 or more$311,026 or more$518,401 or more

Check Status Of Your Tax Return

Federal Tax Return Status
Michigan Tax Return Status
Amended Tax Return Status

Contact Us Today

Call us at (269) 342-0211. Or fill out the form below to send us an email.