I want to customize the Tag Colors for my team. And I found the description in the following places in the article of docs.microsoft.com Customize cards
But when I open my settings, I do not have a menu point called Tag Colors:
Some of the menu points are missing.
Even in the same documentation, there are two different menu structure. A little bit earlier the article shows a different menu structure, same as I have:
How can access more menu points?
The second image of your post shows the task board settings. You get here by selecting Sprints in the menu on the left pane and then clicking Settings icon in the top right corner.
In order to find the tag colors option you should open the settings of the kanban board, the one containing the PBIs. If you navigate to the Boards in the menu of the left pane, then select the board from the dropdown and afterwards click the Settings icon, you'll see what you need:
