You said the loan is refinanced - did you have more than one 1098? If so make sure that the amount that you entered for the mortgage balance on the first 1098 is zero even though it shows a balance on the form. TurboTax adds those balances together as though they were two separate loans.
Otherwise I'm just checking your math. The standard deduction for this year for married filing joint is $27,700. If you're single it's $13,850 and if you're a head of household it's $20,800. The two deductions that you mentioned add up to $21,220. So not a huge reduction in taxable income unless you're filing single. The difference between this year and last may just be the fact that the standard deduction went up.
@AVtaxfun
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