I'm in the United States, and I'm about to switch jobs. My new employer will match 401k contributions. To maximize the employer match at my new job for calendar year 2014, I would have to contribute a full $17,500 through my new employer. The problem is, this would put me over the total contribution limit for the year since I've already contributed a lot through my previous job.
Is there any legal way to game this situation? Is it possible to contribute more than $17,500 for the year but have the excess amount not be tax deferred, and if so, how do I report that on my taxes?