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BOARD OF PUBLIC ACCOUNTANCY Professional and Vocational Licensing Division Department of Commerce and Consumer Affairs State of Hawaii MINUTES Date:Friday, November 16, 2018Time:8:30 a.m. Place:Queen
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Max Levins stands for Maximum Allowable Levins, which is the maximum amount of deductions allowed for a specific tax year.
Taxpayers who want to claim deductions for expenses up to the maximum allowable limit are required to file Max Levins.
Max Levins can be filled out by entering the applicable expenses and deductions in the designated sections of the tax form.
The purpose of Max Levins is to limit the amount of deductions that can be claimed in order to prevent tax fraud and abuse of the tax system.
On Max Levins, taxpayers must report their eligible expenses and deductions that they want to claim for the tax year.
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