8. Nick starts a new job on July 1, 2020, and becomes covered under the employer's health insurance plan which has an annual deductible of $2,400. Nick contributes the maximum amount into a Health Savings Account. Which of the following statements regarding Nick's Health Savings Account is correct?

A) In 2020, Nick can contribute and deduct $1,200 for AGI.

B) Nick's contribution will be deductible if he itemizes, and the contribution along with his out-of-pocket medical expenses exceed 10% of AGI.

C) If Nick withdraws $500 to pay for X-rays, the $500 is taxable.

D) Interest income earned on the HCA is taxable.