Tax breaks could ease pain of JPMorgan deal

JPMorgan Chase has struck a tentative deal with the Justice Department to pay a record $13 billion over dodgy mortgage products — but the biggest U.S. bank may be able to slash that bill by paying Uncle Sam less in taxes.

The agreement is expected to include $9 billion to the government and $4 billion for customer relief. According to tax experts cited by Politico, the company may be able to write off a sizeable chunk of those funds by labeling them business expenses.

Read more from Politico.