diff --git a/taggit/__init__.py b/taggit/__init__.py
index 964ed5b8..2682e192 100644
--- a/taggit/__init__.py
+++ b/taggit/__init__.py
@@ -1,2 +1,2 @@
-VERSION = (5, 0, 0)
+VERSION = (5, 0, 1)
 __version__ = ".".join(str(i) for i in VERSION)