Quick answer Canonicalizes to Its vs. It’s

Is "its" or "it's" the possessive?

i · AnswerOne line, no lecture

Its (no apostrophe) is the possessive. It's (with apostrophe) is short for "it is."

ii · ContextWhy the question comes up

This is the single most frequent apostrophe error in published English — even major newspapers slip up a few times a year. The rule looks backward because its is the odd one out among possessives; almost every other noun adds 's to show ownership.

iii · A little moreWhy this is the one to keep

English usually marks possession with an apostrophe — Priya's book, the company's logo. It breaks the rule: the possessive is its, and the apostrophe is reserved for the contraction of "it is." Read the sentence with "it is" out loud — if it works, you want it's; if it does not, you want its.

iv · ExamplesWrong on the left, right on the right
  • The cat chased it's tail.

    The cat chased its tail.

    Possessive (belonging to the cat) → *its*, no apostrophe.

  • Its been a long day.

    It's been a long day.

    *It has been* → the contraction → *it's*.

v · Watch forWhen the rule bends

There is no exception. Its is always possessive; it's is always a contraction. Any other use is a typo.

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