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To create a hanging indent in PowerPoint, start by highlighting the text you want to format. Then, go to the home menu and click on the arrow next to "paragraph." Adjust the indentation before text to 0.5 and select "hanging" under special. Double space the text by clicking the icon and selecting two. It may be helpful to type all reference entries without the hanging indent first and then set it at the end. Trying to set the hanging indent before typing may not work properly.