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New Member
posted Apr 14, 2025 9:05:58 AM

Last year I had deductions for my small business. This year I'm not finding where to input that. Can I still do this?

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2 Replies
Expert Alumni
Apr 14, 2025 9:07:37 AM

As self-employed, you can deduct eligible business expenses that are common and also necessary for your operations.

What self-employed expenses can I deduct?

Self employment expenses go on Schedule C.

 

  1. Type Schedule C in the search box
  2. Select Jump To Schedule C
  3. Answer Yes to Did you have any self-employment income or expenses? and answer the questions until you get the Select any expense categories you have screen.
  4. Select your expenses, then Continue.
    • If you've already worked in this section, select Edit or Review next to your business.

 

Level 15
Apr 14, 2025 9:07:50 AM

If you have self-employment income for which you will pay self-employment tax for Social Security and Medicare,  you will need to use online Premium software or any version of the desktop software download so that you can prepare a Schedule C for your business expenses.

 

 

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

 

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-self-employment-business-expenses-like-home/L1k6HJY4A_US_en_US?uid=m6jrthmp

 

 

If you live in a state with a state income tax, you might need to make estimated payments to your state.

 

https://turbotax.intuit.com/tax-tips/small-business-taxes/the-home-office-deduction/L1RZyYxzv