Back-to-School Shopping:
What to Know About Your State’s Sales Tax Holiday

Families are preparing for another school year, with the average household expected to spend nearly $864 on clothing, shoes, supplies, and electronics. Eighteen states are offering back-to-school sales tax holidays in 2026, but dates, eligible purchases, and spending limits vary.

See what qualifies in your state and how everyday savings can work alongside longer-term education planning.

Read the Article

New This Year: How to Set Up a Trump Account

Trump Accounts became effective on July 4, 2026. These tax-deferred accounts can be established for children under 18 and accept up to $5,000 in annual contributions from parents, relatives, employers, and others. Children born between 2025 and 2028 may also qualify for a one-time $1,000 federal contribution.

Learn who can open an account, what information you will need, and how to complete the required IRS form.

Learn How Trump Accounts Work

A Look Across the Market

Where Things Stand as Q3 Begins

Equities Rotated. Stocks diverged in July, with investors rotating out of tech and the AI trade as concerns over AI monetization rose ahead of Q2 earnings season. Emerging markets legged lower in sympathy with tech stocks while developed markets were the only equity gainer.
Inflation & Interest Rates. The yield curve steepened in July as the Fed held rates steady at 3.50%-3.75% for its fifth consecutive meeting. Three dissents and a lack of forward guidance amidst reigniting tensions in Iran drove the 30-year yield to its highest level since 2007.
Hormuz Reopens, Then Closes. The 60-day Islamabad Memorandum, signed in mid-June, unraveled in July as both sides resumed strikes, Iran moved to block tankers in the Strait of Hormuz, and the U.S. resumed its blockade, sending oil prices back above $90 per barrel.
Hyperscalers Split. Microsoft and Amazon shares surged on strong cloud revenue growth, helping to ease concerns over AI monetization. Meta sank as ambiguous capex commentary gave investors little clarity on 2027 spending plans to justify their outlays.

View the Full Market Update

Contact Don

Don Williams, CMFC®, CRPC®

Financial Advisor/Partner

(813) 328-8278
dwilliams@primefinancial.com

Have a question or want to review your financial plan?

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