- Start by logging into your TurboTax account to access your tax return, go to the "Federal" section and select "Income".
- Navigate to the 'Self- employment income and expenses" section, click "Review".
- Choose your preferred business and select "Edit".
- Choose the expense category that fits what you're deducting and click on the pen icon to enter the business expense.
- In the description box, enter the type of expense.
- Enter the amount of total expenses.
- Review your entered expenses to make sure everything looks right.
- Only enter expenses that are business-related. Your business expenses are now part of your return.
How to Enter Business Expenses in TurboTax
Use this step-by-step demo to learn how to enter business expenses in TurboTax.
📌 Why this matters
Properly recording your business expenses directly reduces your taxable income dollar-for-dollar, potentially saving you hundreds or thousands in taxes. Beyond the immediate tax savings, maintaining detailed expense records through your tax software creates an organized audit trail that protects you if the IRS ever questions your deductions. You're also building a comprehensive financial picture of your business that helps you identify spending patterns, track profitability, and make better decisions about where to invest or cut costs throughout the year.
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