Is it better to wrap the label tag around a form item or use the “for” attribute in HTML?

Question

I know that you can use both but is it better to use one over the other? If so, why?

Example of \"for\" attribute:

Answer 1

Embedding the input in the label also affects the wrapping behaviour. Value with spaces will wrap as a single unit by default. Whereas Value with spaces will wrap the text with breaks at spaces and will wrap the label to a new line but leave the checkbox above.