Change the year of 500+ photos in iPhoto

In iPhoto '09 (or later, I believe)...

  1. Select all the photos with incorrect dates
  2. In the menu bar, select Photos -> Adjust Date and Time
  3. Modify the date to reflect the change you want -- for example, to shift all the photos forward one year, increment just the year part of the date by 1
  4. All the photos will be time-shifted by the relative change you specified