diff --git a/src/main/java/com/fasterxml/jackson/databind/MapperFeature.java b/src/main/java/com/fasterxml/jackson/databind/MapperFeature.java
index 75ee3eebd4..b58d059bb2 100644
--- a/src/main/java/com/fasterxml/jackson/databind/MapperFeature.java
+++ b/src/main/java/com/fasterxml/jackson/databind/MapperFeature.java
@@ -661,7 +661,12 @@ public enum MapperFeature implements ConfigFeature
      *
      * @since 2.19
      */
-    REQUIRE_HANDLERS_FOR_JAVA8_OPTIONALS(true)
+    REQUIRE_HANDLERS_FOR_JAVA8_OPTIONALS(true),
+
+    /**
+     * @since 2.19
+     */
+    UNWRAP_ROOT_CAUSE(true)
     ;
 
     private final boolean _defaultState;
diff --git a/src/main/java/com/fasterxml/jackson/databind/deser/SettableBeanProperty.java b/src/main/java/com/fasterxml/jackson/databind/deser/SettableBeanProperty.java
index 5c02e63bb2..20ba557cb8 100644
--- a/src/main/java/com/fasterxml/jackson/databind/deser/SettableBeanProperty.java
+++ b/src/main/java/com/fasterxml/jackson/databind/deser/SettableBeanProperty.java
@@ -611,6 +611,32 @@ public SettableBeanProperty unwrapped(NameTransformer xf)
     /**********************************************************
      */
 
+    /**
+     * Method that takes in exception of any type, and casts or wraps it
+     * to an IOException or its subclass.
+     */
+    protected void _throwAsIOE(DeserializationConfig config, JsonParser p, Exception e, Object value) throws IOException
+    {
+        if (e instanceof IllegalArgumentException) {
+            String actType = ClassUtil.classNameOf(value);
+            StringBuilder msg = new StringBuilder("Problem deserializing property '")
+                    .append(getName())
+                    .append("' (expected type: ")
+                    .append(getType())
+                    .append("; actual type: ")
+                    .append(actType).append(")");
+            String origMsg = ClassUtil.exceptionMessage(e);
+            if (origMsg != null) {
+                msg.append(", problem: ")
+                        .append(origMsg);
+            } else {
+                msg.append(" (no error message provided)");
+            }
+            throw JsonMappingException.from(p, msg.toString(), e);
+        }
+        _throwAsIOE(p, e, config.isEnabled(MapperFeature.UNWRAP_ROOT_CAUSE));
+    }
+
     /**
      * Method that takes in exception of any type, and casts or wraps it
      * to an IOException or its subclass.
@@ -637,6 +663,23 @@ protected void _throwAsIOE(JsonParser p, Exception e, Object value) throws IOExc
         _throwAsIOE(p, e);
     }
 
+    /**
+     * @since 2.7
+     */
+    protected IOException _throwAsIOE(JsonParser p, Exception e, boolean unwrapRootCause) throws IOException
+    {
+        ClassUtil.throwIfIOE(e);
+        ClassUtil.throwIfRTE(e);
+
+        if (unwrapRootCause) {
+            // let's wrap the innermost problem
+            Throwable th = ClassUtil.getRootCause(e);
+            throw JsonMappingException.from(p, ClassUtil.exceptionMessage(th), th);
+        } else {
+            throw JsonMappingException.from(p, ClassUtil.exceptionMessage(e.getCause()), e.getCause());
+        }
+    }
+
     /**
      * @since 2.7
      */
diff --git a/src/main/java/com/fasterxml/jackson/databind/deser/impl/MethodProperty.java b/src/main/java/com/fasterxml/jackson/databind/deser/impl/MethodProperty.java
index ec94d50939..270ce2962d 100644
--- a/src/main/java/com/fasterxml/jackson/databind/deser/impl/MethodProperty.java
+++ b/src/main/java/com/fasterxml/jackson/databind/deser/impl/MethodProperty.java
@@ -140,7 +140,7 @@ public void deserializeAndSet(JsonParser p, DeserializationContext ctxt,
         try {
             _setter.invoke(instance, value);
         } catch (Exception e) {
-            _throwAsIOE(p, e, value);
+            _throwAsIOE(ctxt.getConfig(), p, e, value);
         }
     }
 
diff --git a/src/test/java/com/fasterxml/jackson/databind/introspect/RetainStacktrace4603Test.java b/src/test/java/com/fasterxml/jackson/databind/introspect/RetainStacktrace4603Test.java
new file mode 100644
index 0000000000..1eba7a03e0
--- /dev/null
+++ b/src/test/java/com/fasterxml/jackson/databind/introspect/RetainStacktrace4603Test.java
@@ -0,0 +1,73 @@
+package com.fasterxml.jackson.databind.introspect;
+
+import org.junit.jupiter.api.Test;
+
+import com.fasterxml.jackson.databind.*;
+import com.fasterxml.jackson.databind.testutil.DatabindTestUtil;
+
+import static org.junit.jupiter.api.Assertions.assertInstanceOf;
+import static org.junit.jupiter.api.Assertions.assertThrows;
+
+// [databind#4603] Keep stacktrace when re-throwing exception with JsonMappingException
+public class RetainStacktrace4603Test
+    extends DatabindTestUtil
+{
+
+    static class CustomException extends RuntimeException {
+        public CustomException(String message, Throwable cause) {
+            super(message, cause);
+        }
+    }
+
+    static class Feature1347DeserBean {
+
+        int value;
+
+        public void setValue(int x) {
+            try {
+                // Throws ArithmeticException
+                int a = x / 0;
+            } catch (Exception e) {
+                // should NOT get called, but just to
+                throw new CustomException("Should NOT get called", e);
+            }
+        }
+    }
+
+    final String JSON = a2q("{'value':3}");
+
+    final ObjectMapper enabledMapper = jsonMapperBuilder()
+            .configure(MapperFeature.UNWRAP_ROOT_CAUSE, true)
+            .build();
+
+    final ObjectMapper disabledMapper = jsonMapperBuilder()
+            .configure(MapperFeature.UNWRAP_ROOT_CAUSE, false)
+            .build();
+
+    final ObjectMapper defaultMapper = newJsonMapper();
+
+
+    // Whether disabled or enabled, should get ArithmeticException
+    @Test
+    public void testVisibility()
+            throws Exception
+    {
+        DatabindException enabledResult = _tryDeserializeWith(enabledMapper);
+        assertInstanceOf(ArithmeticException.class, enabledResult.getCause());
+
+        DatabindException defaultResult = _tryDeserializeWith(defaultMapper);
+        assertInstanceOf(ArithmeticException.class, defaultResult.getCause());
+
+        DatabindException disabledResult = _tryDeserializeWith(disabledMapper);
+        assertInstanceOf(CustomException.class, disabledResult.getCause());
+        assertInstanceOf(ArithmeticException.class, disabledResult.getCause().getCause());
+
+    }
+
+    private DatabindException _tryDeserializeWith(ObjectMapper mapper) {
+        return assertThrows(DatabindException.class,
+                () -> mapper.readValue(JSON, Feature1347DeserBean.class)
+        );
+    }
+
+}