Is that your only taxable income during the year?
If so, you probably won't owe anything and will probably get a small refund. At about $10,000 a year (before any expenses), there won't be any income tax. As for the Self Employment tax, the Additional Child Tax Credit and the Earned Income Credit (assuming you qualify for it) should more than offset that, resulting in a small refund.
Actually, with $10,000 of gross income, it is quite possible that your daycare would actually have a LOSS (at least for the first year). In that case, you would not owe any income tax, but you also would not get a refund (you need some income for the Additional Child Tax Credit and the Earned Income Credit).
If expand your daycare business, I would recommend reading the "Family Child Care Record Keeping Guide" by Tom Copeland.
