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In this tutorial, we learn how to format a date in Excel that may be in text format. You need to go to the data tab, click on text to columns, select delimited, choose the date format (MDY), and click finish. This will convert the text format into the correct date format. To customize the format further, you can press control + 1 to open the format cells dialog box and select the desired format, such as "MMM-YY." This process allows you to correctly format dates in Excel.