Learn what is adjusted gross income, how it relates to gross income, and when you might need to calculate this number for financing and taxes.

Learn about the differences between adjusted gross income (AGI) and net income, two terms that are sometimes synonymous but can also be used differently.

Our tax pro explains AGI and reveals the most common tax strategies to lower your adjusted gross income

Retail US retailer Designer Brands posts net sales of $746.6 mn in Q1 FY24 06 Jun '24 2 min read Pic: Designer Brands Insights Designer Brands reported a 0.6 per cent increase in Q1 FY24 net sales to $746.6 million. Gross profit rose to $245.1 million, with a gross margin of 32.8 per cent. Net income was $0.8 million and EPS was $0.01. Adjusted net income was $4.8 million, with an adjusted EPS of $0.08. The company's total comparable sales declined by 2.5 per cent. Designer Brands Inc, a leading US-based designer, producer, and retailer of footwear and accessories, has reported a 0.6 per cent year-on-year (YoY) increase in net sales in the first quarter of fiscal 2024 (Q1 FY24), reaching $746.6 million. Despite the slight increase in net sales, total comparable sales saw a decline of 2.5 per cent.The company's gross profit rose to $245.1 million, up from $237.7 million in the first quarter of fiscal FY23. The gross margin also improved, standing at 32.8 per cent compared to 32.0 per cent for the same period last year.Designer Brands reported a 0.6 per cent increase in Q1 FY24 net sales to $746.6 million. Gross profit rose to $245.1 million, with a gross margin of 32.8 per cent. Net income was $0.8 million and EPS was $0.01. Adjusted net income was $4.8 million, with an adjusted EPS of $0.08. The company's total comparable sales declined by 2.5 per cent.Designer Brands reported a net income attributable to the company of $0.8 million, translating to diluted earnings per share (EPS) of $0.01. This figure includes net after-tax charges of $0.07 per diluted share from adjusted items, primarily related to restructuring and integration costs, the company said in a media release.On an adjusted basis, the company reported a net income of $4.8 million, with adjusted diluted EPS of $0.08."This quarter, we were pleased to deliver results in line with our expectations for this quarter, as we gain traction on our path to returning Designer Brands to growth," said Doug Howe, chief executive officer. "I am proud of the way our teams are embracing the strategic initiatives that we are implementing across the business as we work to transform into a more efficient and synergistic organisation." Fibre2Fashion News Desk (DP) More Retail News - United States Of America... -->

Don't miss out on $4,000 deduction like we did! Knowing the difference between adjusted gross income and modified adjusted gross income might save you thousands of dollars in taxes.

Adjusted gross income (AGI) is your total income minus certain above-the-line deductions. Learn how to calculate your AGI and why it matters.

Your eligibility for certain money-saving tax breaks depends on your adjusted gross income.

Filing your taxes accurately is super important, but don't worry, we've got your back! The IRS isn't always the most forgiving, so we've put together some tips to help you avoid any mistakes when filing your taxes. Plus, following these tips might even help you save some money on your taxes!

Your adjusted gross income is exactly what it sounds like. It’s your gross income—the money you make before taxes and paycheck deductions—minus certain adjustments. You’ll most often come across AGI when filing your taxes. It plays a vital role in determining which tax credits or deductions you may qualify to claim on your tax return. […]

Modified adjusted gross income is a crucial tax calculation. Read on for everything you need to know about MAGI this tax season.

Adjusted Gross Income affects what you pay in taxes (or your refund). We'll review what AGI is, how to calculate it, and how it affects your bottom line.

Your modified adjusted gross income, or MAGI, determines whether you can deduct IRA contributions and tuition and fees. Learn how to calculate it.

To e-file your taxes, you'll need to match last year's AGI. But what if your 2020 tax return hasn't been processed yet?

Adjusted gross income is your total gross income minus "above the line" deductions like your 401(k) contributions. Learn how to find your adjusted gross income and why it matters.

Smart taxpayers have the motive and the means to doctor their adjusted gross income, particularly in retirement.

Your eligibility for certain money-saving tax breaks depends on your adjusted gross income.

The modified adjusted gross income (MAGI) you report on your tax return is used to determine if you qualify for certain tax benefits.

Learn how you can lower your adjusted gross income and reduce your taxes by making qualified charitable distributions (QCDs) directly from your IRA account.

Looking to create multiple flows of income? Learn 13 different kinds of income flows that anyone can create, immediately.