Change the margins around text in a text box or a shape
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Right-click the selection rectangle of the shape or text box you want to change.
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On the shortcut menu, click Format <object type>, and then click the Text Box tab.
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Under Text Box Margins, adjust the measurements to increase or decrease the distance between the text and the outer border of the text box or a shape.
Note: You cannot make rounded margins. To place text in a rounded shape, use AutoShapes.
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