How can I use a variable to specify the max number of chars scanf() should read in?
For example using printf() you can use the * like so
You can use the C preprocessor to help you with that.
#define STR2(x) #x
#define STR(X) STR2(X)
scanf("%" STR(MAXVAL) "s", string);
The processor combines "%" STR(MAXVAL) "s" to "%5s"
Kernighan and Pike recommend using snprintf() to create the format string. I developed this idea into a method that safely reads strings:
void scan_string(char * buffer, unsigned length) {
    char format[12]; // Support max int value for the format %<num>s
    snprintf(format, sizeof(format), "%%%ds", length - 1); // Generate format
    scanf(format, buffer);
}
int main() {
  char string[5];
  scan_string(string, sizeof(string));
  printf("%s\n", string);
}
You can't. You need to use something other than scanf(). A good and popular choice is fgets(), although its semantics are slightly different: fgets() will read a line of input, whereas scanf() with %s will read whitespace separated sequences of characters.
To use fgets(), you'd want something like:
fgets(string, MAXVAL, stdin);
If for some reason you really want to use scanf(), have a look at this question: How to prevent scanf causing a buffer overflow in C?
#include <stdio.h>
#define MAXLEN 5
#define S_(x) #x
#define S(x) S_(x)
int main(void){
    char string[MAXLEN+1];
    scanf("%" S(MAXLEN) "s", string);
    printf("<%.*s>\n", MAXLEN, string);
    return 0;
}