The latest IRS Statistics of Income Bulletin (Publication 1304 (Rev. 11-2022) (irs.gov)) show that 164.4 million individual income tax returns were filed for 2020, or 4.2% more than in the previous tax year. Only 9.5% of all returns filed claimed itemized deductions; the vast majority used the applicable standard deduction amount.
The 2020 return reflected various COVID-19 related tax changes enacted by the CARES Act of 2020 and the American Rescue Plan Act of 2021, including:
An arrangement under which one person transfers legal ownership of assets to another person or corporation (the trustee) for the benefit of one or more third persons (beneficiaries).