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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.

 

https://www.kac.org/taxcredit

 

Form K-56

https://www.ksrevenue.gov/pdf/k-56.pdf

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1 Reply
DawnC
Employee Tax Expert

Sole Proprietor LLC receiving Employer Child Care Tax Credit?

That credit is only available to C-corps, see this link for more information.

 

And see this Kansas Department of Revenue webpage, for other credit options.  

 

TurboTax personal tax products do not support Form K-56.

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