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Deductions & credits
In TurboTax Home & Business, open your return and go to Business >> Business Income and Expenses >> "I'll choose what I work on."
- Start/Update Profit or Loss from Business.
- Edit the business you need to work on.
- Under Business Expenses, Start/Update Other Common Business Expenses.
- Start/Update Employee Expenses.
- Start/Update Pension Plan Startup Costs.
- Enter "Pension Plan Startup Costs" in the description box and enter the amount.
- On the next page, check the "yes" box under "Did you provide an auto-enrollment option for retirement savings?"
- On the page, "Is your pension plan qualified for the Pension Startup Credit?" check the "Yes" button.
- The resulting message indicates you must go to Less Common Business Situations >> Business Credits >> Pension Plan Startup Costs to complete this credit.
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‎April 15, 2025
11:52 AM