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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?

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1 Reply
JulieS
Expert Alumni

How to deduct monthly software fees?

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. 

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