Which of the following statements regarding Health Savings Accounts is incorrect?

All taxpayers are eligible to establish a health savings account.

Taxpayers are allowed to deduct contributions to a health savings account for AGI.

Distributions from a health savings account are excluded from gross income if used to pay qualified medical expenses.

Health savings account contributions are limited to the lesser of 100% of annual deductible under a high-deductible health plan or $3,500 in 2019 for taxpayers without family coverage.