diff --git a/main.tf b/main.tf
index 3f88ff0..38103d6 100644
--- a/main.tf
+++ b/main.tf
@@ -8,7 +8,7 @@ locals {
 }
 
 module "label" {
-  source     = "git::https://github.com/cloudposse/terraform-null-label.git?ref=tags/0.16.0"
+  source     = "git::https://github.com/cloudposse/terraform-null-label.git?ref=tags/0.24.1"
   namespace  = var.namespace
   stage      = var.stage
   name       = var.name
diff --git a/versions.tf b/versions.tf
index e6d39a9..1d006ac 100644
--- a/versions.tf
+++ b/versions.tf
@@ -3,15 +3,15 @@ terraform {
   required_providers {
     aws = {
       source  = "hashicorp/aws"
-      version = "~> 3.10"
+      version = "~> 3.27"
     }
     template = {
       source  = "hashicorp/template"
-      version = "~> 2.0"
+      version = "~> 2.2"
     }
     local = {
       source  = "hashicorp/local"
-      version = "~> 1.3"
+      version = "~> 2.0"
     }
   }
   required_version = ">= 0.13"