You can correct excess contributions by removing the excess amount (and any earnings attributable to the excess contributions) before you file your personal income tax return for that tax year.
By doing so, you do not include the amount of the excess contribution in your taxable income and you face no additional tax.
If you do not withdraw the excess contribution, the excess contribution is subject to a 6% penalty on excess contributions.
You may be able to apply some portion of the excess contribution to a future year but you would still be subject to the 6% penalty in the current year. See Option 2: Apply to a future year.
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