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AWS Cost Allocation Tags are labels used to categorize AWS resources and track costs efficiently.

Types of AWS Cost Allocation Tags:
AWS-Generated Tags → Prefixed with aws: (e.g., aws:createdBy).
User-Defined Tags → Custom tags like Project, Department, Environment.

How Tags Help in Cost Management?
✅ Allocate costs by department, team, or project.
✅ Generate reports in AWS Cost Explorer for better spending insights.
✅ Set up budgets & alerts based on specific tagged resources.