Yes, when you take you the excess plus interest on your ROTH, generally before April 15, 2023 you will avoid penalties. Since this was a Roth after tax dollar contribution there should be no additional taxes; unless you do not remove the excess. What you do with the money is up to you; just cant go back to an IRA if you're over the limit. Roth contributions are made with after tax dollars in most cases to all cases, or you are taxed on Roth contributions; in other words your taxes should not change other than eliminating the penalty when removing excess plus interest.
@TXpiper
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