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Create or delete mailboxes in Mail on Mac
Any email account you use in Mail has a set of standard mailboxes—Inbox, Sent, Drafts, and Trash. You can create your own mailboxes to help keep your email organized. For example, you could create a Book Club mailbox, with mailboxes inside it to organize messages by author or genre, and then move messages to one of the mailboxes.

Tip: If you want to organize messages without moving them around, use Smart Mailboxes.