Question
Sole Proprietor LLC receiving Employer Child Care Tax Credit?
I live & own a sole-proprietorship LLC in Kansas. I also pay about $30k/yr in daycare costs. Kansas has a program called the Employer Child Care Tax Credit (link below) that allows business owners to deduct expenses of paying for employee child care, creating a day care, etc. Fairly certain other states have similar programs.
My question - as a sole proprietor, am I allowed to use this credit? My initial observation is that yes, I can, but obviously want to make sure that's not an error on my part.
Form K-56
