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Income Taxes
6 Months Ended
Jun. 30, 2021
Income Taxes  
Income Taxes

Note 15—Income Taxes

The Company’s effective income tax rates were 26.9% and 26.6% for the quarters ended June 30, 2021 and 2020, respectively, and 26.0% and 26.4% for the six months ended June 30, 2021 and 2020, respectively. The difference in the effective tax rates for the six months ended June 30, 2021 compared to the six months ended June 30, 2020 was primarily due to an increase in tax deductions in 2021 related to equity compensation. Substantially all of this increase in tax deductions related to equity compensation was realized in the quarter ended March 31, 2021.

The CARES Act, passed in March 2020, introduced a number of tax law changes which are generally taxpayer favorable and in December 2020, the Taxpayer Certainty and Disaster Tax Relief Act was signed into law. No material changes in our effective income tax rates resulted from either Act.