diff --git a/debian/changelog b/debian/changelog
index b528741baf..c843a00528 100644
--- a/debian/changelog
+++ b/debian/changelog
@@ -1,3 +1,12 @@
+paasta-tools (1.8.2) xenial; urgency=medium
+
+  * 1.8.2 tagged with 'make release'
+    Commit: Merge pull request #3989 from
+    Yelp/u/jfong/fix_paasta_status_bouncestatus  Fix backwards "Bouncing
+    to" status
+
+ -- Jen Patague <jfong@yelp.com>  Mon, 02 Dec 2024 11:59:05 -0800
+
 paasta-tools (1.8.1) xenial; urgency=medium
 
   * 1.8.1 tagged with 'make release'
diff --git a/paasta_tools/__init__.py b/paasta_tools/__init__.py
index 02ebc9ed76..e809f32fcc 100644
--- a/paasta_tools/__init__.py
+++ b/paasta_tools/__init__.py
@@ -17,4 +17,4 @@
 # setup phase, the dependencies may not exist on disk yet.
 #
 # Don't bump version manually. See `make release` docs in ./Makefile
-__version__ = "1.8.1"
+__version__ = "1.8.2"
diff --git a/yelp_package/Makefile b/yelp_package/Makefile
index ffa629f74c..81b79e9e48 100644
--- a/yelp_package/Makefile
+++ b/yelp_package/Makefile
@@ -13,7 +13,7 @@
 # limitations under the License.
 
 # Edit this release and run "make release"
-RELEASE=1.8.1
+RELEASE=1.8.2
 
 SHELL=/bin/bash