Text formatting in HTML is essential for emphasizing important information, improving readability, and guiding reader's attention.Formatting in HTML helps in highlighting key points, enhancing readability, improving accessibility, and adding semantic meaning to content.Common text formatting tags in HTML include <b> for bold text, <strong> for important text, <i> for italic text, and others for various formatting purposes.Detailed breakdown covers syntax and example usage of formatting tags like bold text using <b> and <strong>, italic text using <i> and <em>, and more.