Deductions & credits

One last thing, if I may...

On the page for Make a Capital Gain Election, if I choose to elect $16,254 of my qualified dividends to Cap Gains, then it tells me "Congrats, you qualify for 35K deduction!" but at the same time my Fed Tax Due jumps a $1000 immediately. Do I really need that deduction (which I thought are to reduce the taxes due)  if I have to pay more in taxes?