Excitation energies of the ns, np j , nd j , nf j , and ng j states with n ഛ 7 in neutral potassium are evaluated. First-, second-, third-, and all-order Coulomb energies and first-and second-order Coulomb-Breit energies are calculated. Reduced matrix elements, oscillator strengths, transition rates, and lifetimes are determined for levels up to n = 9 -12. Electric-dipole ͑4s 1/2 -np j , n =4-26͒, electric-quadrupole ͑4s 1/2 -nd j , n =3-26͒, and electric-octupole ͑4s 1/2 -nf j , n =4-26͒ matrix elements are calculated to obtain the ground state E 1 , E 2 , and E 3 static polarizabilities. Scalar and tensor polarizabilities for the 4p j excited state in K I are also calculated. All the above-mentioned matrix elements are determined using the all-order method. We also investigate the hyperfine structure in 39 K. The hyperfine A values are determined for the first low-lying levels up to n = 7. The quadratic Stark effect on hyperfine structure levels of the 39 K ground state is investigated. The calculated shift for the ͑F =2, M =0͒ ↔ ͑F =1, M =0͒ transition is found to be −0.0746 Hz/ ͑kV/ cm͒ 2 , in agreement with the experimental value −0.071Ϯ 0.002 Hz/ ͑kV/ cm͒ 2 . These calculations provide a theoretical benchmark for comparison with experiment and theory.