JPEG Lossy compression, good for photos, small file size, widely compatible.
HEIF Lossy compression, more efficient than JPEG, better quality at smaller file sizes, becoming more common (e.g., iPhones).
TIFF Lossless compression (or uncompressed), high quality, large file size, used for archiving and professional printing.
*RAW Minimal processing contains all data captured by the camera sensor, large file size, requires processing, maximum editing flexibility.
DNG Adobe’s open-source RAW format aims for standardization, similar benefits to other RAW formats
PNG Lossless compression, good for graphics, transparency support, larger file size than JPEG for photos.
GIF Lossless compression, limited color palette (256 colors), supports animation, small file size, good for simple graphics and animations.
BMP Uncompressed, large file size, simple format, rarely used.
PSD Adobe Photoshop’s native format supports layers and editing features, large file size, requires Photoshop to open fully.