<p>Posters here are correct. Although I am no tax expert. The Federal Tax refund is not taxable in the subsequent year. Your State Income Tax refund is.</p>
<p>But, dont say that you aren't too bright. Paying off the house early can be a great thing. Having zero debt absolutely is. If your goal is to pay off the house with the $6K when you get your Tax refund....You get even more of a bang for your buck by paying the extra on the principle on a monthly basis.</p>
<p>Google mortgage amortization. You'll see what I mean. I have no intention really to give you financial advice, but I guess you would be able to find an investment, or some way of using that $500 a month without letting the government use it for you. Good luck.</p>