diff --git a/CHANGELOG.md b/CHANGELOG.md
index caa98d3..d921982 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,12 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## [0.2.0] - 2024-08-27 12:00:00
+
+### Added
+
+- Updated default calibration to represent 2024 values of USA parameters and economic conditions.
+
 ## [0.1.12] - 2024-08-26 12:00:00
 
 ### Added
@@ -130,6 +136,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 - Any earlier versions of OG-USA can be found in the [`OG-Core`](https://github.com/PSLmodels/OG-Core) repository [release history](https://github.com/PSLmodels/OG-Core/releases) from [v.0.6.4](https://github.com/PSLmodels/OG-Core/releases/tag/v0.6.4) (Jul. 20, 2021) or earlier.
 
 
+[0.2.0]: https://github.com/PSLmodels/OG-USA/compare/v0.1.12...v0.2.0
 [0.1.12]: https://github.com/PSLmodels/OG-USA/compare/v0.1.11...v0.1.12
 [0.1.11]: https://github.com/PSLmodels/OG-USA/compare/v0.1.10...v0.1.11
 [0.1.10]: https://github.com/PSLmodels/OG-USA/compare/v0.1.9...v0.1.10
diff --git a/ogusa/__init__.py b/ogusa/__init__.py
index c924164..d7e62dd 100644
--- a/ogusa/__init__.py
+++ b/ogusa/__init__.py
@@ -11,4 +11,4 @@
 from ogusa.utils import *
 from ogusa.wealth import *
 
-__version__ = "0.1.12"
+__version__ = "0.2.0"
diff --git a/setup.py b/setup.py
index 5a8b056..51a0135 100644
--- a/setup.py
+++ b/setup.py
@@ -5,7 +5,7 @@
 
 setuptools.setup(
     name="ogusa",
-    version="0.1.12",
+    version="0.2.0",
     author="Jason DeBacker and Richard W. Evans",
     license="CC0 1.0 Universal (CC0 1.0) Public Domain Dedication",
     description="USA calibration for OG-Core",
@@ -25,7 +25,7 @@
         ]
     },
     include_packages=True,
-    python_requires=">=3.7.7, <3.12",
+    python_requires=">=3.7.7, <3.13",
     install_requires=[
         "numpy",
         "psutil",
@@ -54,6 +54,7 @@
         "Programming Language :: Python",
         "Programming Language :: Python :: 3.10",
         "Programming Language :: Python :: 3.11",
+        "Programming Language :: Python :: 3.12",
         "Topic :: Scientific/Engineering :: Information Analysis",
         "Topic :: Software Development :: Libraries :: Python Modules",
     ],