Begin by pressing the sauté function on your Instant Pot.  Drizzle a little olive oil and wait for the pot to heat up and the oil to glisten.  Sauté the onion until translucent, about 3 to 4 minutes, then add in garlic and sauté for about 30 more seconds.

Hit the 'cancel' button on the Instant Pot to turn the heat off and add in the taco seasoning, ancho chili powder and salt.  Mix together with the onion and garlic then add in the rice, giving it a quick stir.  Pour in the vegetable (or chicken) broth and salsa, mixing well until everything is all combined.

Secure the lid of your Instant Pot and make sure the steam release valve is set to sealing.  Next press the pressure cook function and set the timer to 22 minutes (if using long grain white rice set the timer to 3 minutes).  The Instant Pot will take a few minutes to come to pressure before the countdown starts.

Once the 22 minutes are up, allow the pressure to release naturally for about 15 minutes (this just means don't touch it at all until the timer counts up to 15).  Then using a hand towel or oven mitt, carefully turn the steam release valve to the venting position to release any remaining steam.

Twist open the lid of the Instant Pot and give the rice a good stir.  Mix in some fresh cilantro and it's ready to serve.  You can also squeeze a little lime juice on top for a bright fresh pop of flavor!