First, gather all ingredients. Wash and chop produce.
Next, press the SAUTE button on the Instant Pot. Heat the olive oil in the insert pot. Once the Instant Pot reads "HOT," brown the pound of ground beef, using a wooden spoon to break up the meat into smaller pieces. Drain excess grease.
Then, deglaze the pot with a 1/4 cup broth, scrap the bottom of the pot, and remove any stuck pieces. Press the CANCEL button on the Instant Pot. (Please properly deglaze the pot to prevent burning.)
Next, add the rest of the ingredients to the pot and place the lid on the Instant Pot and lock it into place. Make sure that the valve on the top is pushed to "seal." Turn the pressure cooker function on HIGH and set the manual timer for 20 minutes. It will take the Instant Pot approximately 15 minutes to pressurize.
Allow the Instant Pot to naturally release for 10-15 minutes. Then, following your Instant Pot manual, Quick Release the remaining pressure from the pot. I do not allow my kids to assist with this function. The steam is too hot, and the risk too great.
Lastly, serve hot with tortilla strips (or chips). Optional toppings: Sliced avocado, diced jalapeños, queso, or sour cream. ENJOY! Store in the refrigerator in an airtight container for up to 4 days.