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In this tutorial, you'll learn how to format dates in Excel when they are incorrectly stored as text. The process begins by selecting the date column, then navigating to the Data tab and using the "Text to Columns" feature. Make sure to select "Delimited" and proceed through the steps until you reach the dialog box where you can specify the date format (e.g., mdy). After finishing, Excel will convert the text into proper date format. Finally, you can open the "Format Cells" dialog box by pressing Control + 1 to adjust the date format according to your preferences, such as displaying it in month-year format (mmm-yy).