<prompt> Human: This is the thread where we discuss some strategies for those earning under 30,000 a year, motivated by a fine person encountered yet another tax scheme for those earning above perhaps a million a decade and requested loopholes for the working poor. My loopholeThe Retirement Savers Tax Credit incentivizes people with an AGI of less than 28,750 57,500 married filling jointly. So open up an IRA and contribute to it. You will not pay taxes on the contribution saving you about 15 on the money contributed, and you earn a non-refundable tax credit for the contribution. The less income you have the more you get, up to 50. And the income is calculated post-retirement contribution, so the credit gets better if you put away more.Tax advantaged contribution has a side benefit: roll ups. If youre in the 15 tax bracket and put away 500 into a 401k403bIRAetc, you save 75 in taxes. You could decide to contribute those 75 as well, and get another 11 dollars. So you might as well throw that in for another 1.5. You could keep going, and the number converges to around 588. If you factor in the tax credit as well, those numbers converge much higher. So the amount you need to cut from your budget to get the full effect is a lot smaller than you think!Finally, some cons: this is nonrefundable, so if your tax liability not your refund! is already zero, this changes nothing. the 50 payout is very difficult to hit, you should probably expect 10 or maybe 20. It may be easier for married couples with a stay at home spouse. the credit only considers your first 2,000 in contributions, so unless you can push your retirement into a higher bracket as laid out in Form 8880 your tax credit could be only 200 dollars or less. And the more you contribute above the 2,000 threshold, the less ridiculous the tax credit becomes. Roth IRAs are very nice compared to traditional IRAs, so if you cant contribute down to a better credit bracket, you should consider just contributing 2,000 to a Roth IRA; the additional 10 percent return on investment is nothing to sneeze at!EDIT: addressed NothingKings complaint. my derp!  <response>: I think this thread is a great idea, but want to point out that, for low income people with more time than money, something like rfrugal may be as good or better use of their time. Why?1 Most of these tricks require disposable income, which low income folks are less likely to have.2 A lot of these monetary amounts are pretty small 100. Frugal approaches like efficient purchasing and cooking of food will likely save as much or more than this.Im not sure if theres a sub for it, but various government aid programs are also probably a great place to look. Things like job training grants, etc. Theyre not loopholes though, but programs that are supposed to benefit low income folks by design. 