Angie starts a new job on July 1 and becomes covered under the employer's health insurance plan which has an annual deductible of $2,400.Angie contributes the maximum amount into a Health Savings Account.Which of the following statements regarding Angie's Health Savings Account is correct?
A) Angie can contribute and deduct $1,200 for AGI.
B) Angie's contribution will be deductible if she itemizes,and the contribution along with her out-of-pocket medical expenses exceed 10% of AGI.
C) If Angie withdraws $500 to pay for X-rays,the $500 is taxable.
D) Interest income earned on the HCA is taxable.
Correct Answer:
Verified
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