Income Taxes

6 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

    The effective tax rates for the quarters ended March 31, 2024 and March 31, 2023 were 25.0% and 26.2%, respectively. The effective tax rates for the six months ended March 31, 2024 and March 31, 2023 were 24.7% and 25.7%, respectively. The reduction in effective income tax rates was primarily driven by a methodology change for repairs and maintenance tax deductions as a result of updated IRS guidance published in 2023.