Businesses structured as S corporations can deduct payroll tax expenses on line 12 of Form 1120S. Only the employer portion of payroll taxes, not the employee portion, are deductible for the business.

There is no special federal day care tax form. H&R Block says most day care providers work as independent contractors, so you file taxes the same way any self-employed business owner does.

Download and save the PDF to your computer Open the downloaded PDF in Acrobat Reader 10 or later This form is for individuals who want to claim investment tax credits (ITC) for the current year.