Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Apr 16, 2022 7:40:04 AM

How to deduct monthly software fees?

There is a lot of software and services that I pay monthly for that I only use for my business. For example Photoshop, Premiere Pro, and TubeBuddy. Do I have to enter a separate entry for each month for deductions, or can I add the entire cost I spent on each product for the year? Photoshop is $9.99 a month or $119.88 is how much I paid for the whole year. Also would this be an office expense or miscellaneous?

0 1 245
1 Replies
Expert Alumni
Apr 16, 2022 7:52:52 AM

Yes, you should enter this expense under Miscellaneous expenses. You can add the total you paid during the year for all of your subscriptions with a description like "Software subscription fees", or similar.