diff --git a/CHANGELOG.md b/CHANGELOG.md
index be73d897353e..71167b828ea3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,9 +1,9 @@
-## 1.7.4 (Unreleased)
+## 1.7.4 (February 21, 2024)
 
 BUG FIXES:
 
 * `terraform test`: Fix automatic loading of variable files within the test directory on `windows` platforms. ([#34666](https://github.com/hashicorp/terraform/pull/34666))
-* plan renderer: Very large numbers (> 2^63) will no longer be truncated in the human-readable plan ([#34702](https://github.com/hashicorp/terraform/pull/34702))
+* plan renderer: Very large numbers (> 2^63) will no longer be truncated in the human-readable plan. ([#34702](https://github.com/hashicorp/terraform/pull/34702))
 
 ## 1.7.3 (February 7, 2024)
 
diff --git a/version/VERSION b/version/VERSION
index 661e7aeadf36..10c088013f87 100644
--- a/version/VERSION
+++ b/version/VERSION
@@ -1 +1 @@
-1.7.3
+1.7.4