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Maintenance Update 06 20 2016

Calculator update notes for 6-30-2016.

Overview:

The June 30th update for 2016 is limited to minor fixes and enhancements (except for the 72T calculators). This update is optional unless you have received instructions from us or have one of the calculators specifically mentioned below. All updates are cumulative, by skipping this limited update any changes to your package will be included in the next update release.


Update instructions:

  1. Download the latest version of your calculator update from your download site, found on your update e-mail notice.
  2. Run the update package (KJECalc.exe). This is a self-extracting zip file. (Or unzip the KJECalc.zip file if you are using a non-windows platform.)
  3. When prompted for a directory, you may use the default or enter your own. It is recommended that you extract the update to a new directory and then move the required files to your production environment. One directory will be created with no subdirectories.
  4. Copy the new files to your current deployment, replacing files with identical files names with the new ones.

If you wish, you can download the full calculator package from the same location, and refresh all files provided by KJE for your calculators. This package includes any site specific changes done for you by KJE, but will not include any customizations by you or your web-developers. Please contact us if you have questions regarding this new update package.


Master Changes (affects all V3 calculators):

  1. Numerous fine-tuning adjustments to the V3 core deployment. This includes refinements to accessibilty, display and mobile device compatibility issues. If you have been provided a refresh of your calculator package previously in June of 2016, you will have already received these changes.
  2. Language adjustments for French Canadian Calculators
  3. Email & Auto Save Functionality Option now available for French Canadian calculators (this is an optional add-on)


Calculator specific updates:

  1. Auto, RV, Boat and Truck loan calculators: (AutoLoan.html, BoatLoan.html, RVLoan.html, TruckLoan.html, CUAutoRebate.html, AutoRebate.html, AutoEquityLoan.html): The calculator option to excluded your trade-in allowance when calculating sales tax no longer applies to the state of Maryland. The functionality of the calculations remain the same, but Maryland is no longer listed as one of the states that does not allow a trade-in to reduce the taxable total of a transaction.

  2. 72(t) Calculator: Early withdrawals from retirement accounts (Retire72T.html, Retire72T2.html), 72(t) Distributions: Impact on retirement fund balances (Retire72TAlt.html): The Federal Mid-Term rate has been updated for April 2016. This change affects the calculators default values and the definition of Reasonable Interest Rate For July 2016. For July 2016, 120% of the Federal Mid-Term rate has changed to 1.71%.

  3. Education Savings for Canada (CACollegeSavings.html, FRCollegeSavings.html): Registered Education Savings Plan (RESP) have been update for 2016 rules and limites. The grant amounts for 2016 are calculated as follows:

    Income RangeAnnual Grant Calculated As
    $0 - $45,282*
    $0.40 for each $1 for the first $500.
    $0.20 for each $1 for the next $1500.
    Maximum annual grant is $600
    $$45,282* - $90,563*
    $0.30 for each $1 for the first $500.
    $0.20 for each $1 until you reach the maximum grant.
    Maximum annual grant is $550
    over $90,563*
    $0.20 for each $1 for the first $2500.
    Maximum annual grant is $500

  4. Spanish Calculators: Updates to Spanish calculator definitions and text for minor typographical errors are included in this update.

  5. ADA and Screen Readers: Updates to improve ADA and screen reader functionality are included in this update.