diff --git a/custom.props b/custom.props
index 328d7042eb2..6a0586fd8b2 100644
--- a/custom.props
+++ b/custom.props
@@ -3,9 +3,9 @@
   <!-- This file is read by XES, which we use in our Release builds. -->
   <PropertyGroup Label="Version">
     <XesUseOneStoreVersioning>true</XesUseOneStoreVersioning>
-    <XesBaseYearForStoreVersion>2023</XesBaseYearForStoreVersion>
+    <XesBaseYearForStoreVersion>2024</XesBaseYearForStoreVersion>
     <VersionMajor>1</VersionMajor>
-    <VersionMinor>20</VersionMinor>
+    <VersionMinor>21</VersionMinor>
     <VersionInfoProductName>Windows Terminal</VersionInfoProductName>
   </PropertyGroup>
 </Project>