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In this tutorial, Erin from TechSmith explains how to extract text from images, PDFs, screenshots, or scanned documents using Snagit. She demonstrates that by switching to the image tab in the capture window and selecting "grab text" from the dropdown menu, users can quickly capture text with Optical Character Recognition (OCR). Once the text is selected and captured, a box appears displaying the text for easy copying and pasting. If you have an existing image without using the "grab text" feature, you can still extract text by creating a digital copy of the printed document, allowing Snagit to recognize it subsequently.