After entering my student loan deductions, turbo tax said my deduction was $1714, but my refund only went up like $400...I am confused

[Anita01 · Accepted solution]

A deduction is an amount that is subtracted from your taxable income, so that you owe less in tax.  You don't get deductions back in cash.  You only receive the amount of tax  you would have paid on that  amount of income.  So, for example, if you have a 25% tax rate and you have a deduction of $1,000, you would get back only $250 from that deduction.