The Tax Cuts and Jobs Act of 2017 allows owners of certain pass-through businesses (such as sole proprietorships, partnerships, and S corporations) to take a new deduction. However, the structure of the deduction is complicated because its generosity depends on many factors, such as the nature of the business activity, the business owner’s total taxable income, the wages paid by the business, and the value of business property. This brief walks through some examples of the new pass-through provisions.