I owed, and the amount I owed only went down by $75 after I expensed the $750 ref.
When you expense something, it reduces your taxable income, not your tax due. Your tax due is a percent of your taxable income, so depending on the income category and other factors in your return, when you entered the $750, you reduced your taxable income by $750 and your tax due by 10% of the expense.
When you see other things remove larger amounts, it could be adjusting credits. For example, you could be bringing your income to a point low enough that gives you the earned income credit. This would change your refund meter by more than just your tax due/versus refund.
To get the best explanation as to what really changes your refund, you should look at your 1040 lines 15-31. You can do this by clicking Tax Tools>>Tools>>Preview My 1040
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