You have to withdraw the excess from your IRA, including any income earned on the excess, or you will incur a 6% tax, every year on the excess until it's resolved (form 5329). If this was a 2023 contribution you just made, I think you can avoid some pain by withdrawing the excess by the tax filing deadline. See https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...
