diff --git a/README.md b/README.md
index 5fc006a..bd6a95e 100644
--- a/README.md
+++ b/README.md
@@ -26,8 +26,8 @@ The module deploys Karpenter needed AWS resources, namely in IAM. It copies the
 
 | Name | Version |
 |------|---------|
-| <a name="provider_aws"></a> [aws](#provider\_aws) | 5.61.0 |
-| <a name="provider_helm"></a> [helm](#provider\_helm) | 2.14.0 |
+| <a name="provider_aws"></a> [aws](#provider\_aws) | 5.65.0 |
+| <a name="provider_helm"></a> [helm](#provider\_helm) | 2.15.0 |
 | <a name="provider_kubectl"></a> [kubectl](#provider\_kubectl) | 1.14.0 |
 
 ## Modules
@@ -35,7 +35,7 @@ The module deploys Karpenter needed AWS resources, namely in IAM. It copies the
 | Name | Source | Version |
 |------|--------|---------|
 | <a name="module_images"></a> [images](#module\_images) | git@github.e.it.census.gov:terraform-modules/aws-ecr-copy-images.git/ | tf-upgrade |
-| <a name="module_karpenter_resources"></a> [karpenter\_resources](#module\_karpenter\_resources) | git@github.e.it.census.gov:SCT-Engineering/terraform-aws-eks.git//modules/karpenter | v20.23.0 |
+| <a name="module_karpenter_resources"></a> [karpenter\_resources](#module\_karpenter\_resources) | git@github.e.it.census.gov:SCT-Engineering/terraform-aws-eks.git//modules/karpenter | v20.24.0 |
 
 ## Resources
 
@@ -60,10 +60,10 @@ The module deploys Karpenter needed AWS resources, namely in IAM. It copies the
 |------|-------------|------|---------|:--------:|
 | <a name="input_cluster_endpoint"></a> [cluster\_endpoint](#input\_cluster\_endpoint) | Endpoint for your Kubernetes API server | `string` | n/a | yes |
 | <a name="input_cluster_name"></a> [cluster\_name](#input\_cluster\_name) | EKS cluster name name component used through out the EKS cluster describing its purpose (ex: dice-dev) | `string` | n/a | yes |
-| <a name="input_karpenter_helm_chart"></a> [karpenter\_helm\_chart](#input\_karpenter\_helm\_chart) | Which helm chart of karpenter | `string` | `"1.0.0"` | no |
+| <a name="input_karpenter_helm_chart"></a> [karpenter\_helm\_chart](#input\_karpenter\_helm\_chart) | Which helm chart of karpenter | `string` | `"1.0.1"` | no |
 | <a name="input_karpenter_helm_repo"></a> [karpenter\_helm\_repo](#input\_karpenter\_helm\_repo) | Helm repo for official karpenter chart | `string` | `"oci://public.ecr.aws/karpenter"` | no |
 | <a name="input_karpenter_node_group_name"></a> [karpenter\_node\_group\_name](#input\_karpenter\_node\_group\_name) | The cluster node group that will host karpenter, should not be a karpenter managed node group | `string` | n/a | yes |
-| <a name="input_karpenter_tag"></a> [karpenter\_tag](#input\_karpenter\_tag) | Which tag of karpenter image | `string` | `"1.0.0"` | no |
+| <a name="input_karpenter_tag"></a> [karpenter\_tag](#input\_karpenter\_tag) | Which tag of karpenter image | `string` | `"1.0.1"` | no |
 | <a name="input_kubectl_tag"></a> [kubectl\_tag](#input\_kubectl\_tag) | Which tag of kubectl image | `string` | `"1.30.4"` | no |
 | <a name="input_oidc_provider_arn"></a> [oidc\_provider\_arn](#input\_oidc\_provider\_arn) | The ARN of the OIDC Provider if `enable_irsa = true` | `string` | n/a | yes |
 | <a name="input_profile"></a> [profile](#input\_profile) | AWS config profile | `string` | `""` | no |
diff --git a/main.tf b/main.tf
index 4d2d1ab..e81a6e8 100644
--- a/main.tf
+++ b/main.tf
@@ -18,7 +18,7 @@ data "aws_subnets" "container_subnets" {
 # Replicating from here: https://github.e.it.census.gov/SCT-Engineering/terraform-aws-eks/tree/master/modules/karpenter
 # Karpenter IRSA roles and policies
 module "karpenter_resources" {
-  source = "git@github.e.it.census.gov:SCT-Engineering/terraform-aws-eks.git//modules/karpenter?ref=v20.23.0"
+  source = "git@github.e.it.census.gov:SCT-Engineering/terraform-aws-eks.git//modules/karpenter?ref=v20.24.0"
 
   cluster_name                    = var.cluster_name
   enable_irsa                     = true
diff --git a/variables.tf b/variables.tf
index 03fe6f9..4feefb8 100644
--- a/variables.tf
+++ b/variables.tf
@@ -39,13 +39,13 @@ variable "karpenter_helm_repo" {
 variable "karpenter_helm_chart" {
   description = "Which helm chart of karpenter"
   type        = string
-  default     = "1.0.0"
+  default     = "1.0.1"
 }
 
 variable "karpenter_tag" {
   description = "Which tag of karpenter image"
   type        = string
-  default     = "1.0.0"
+  default     = "1.0.1"
 }
 
 variable "kubectl_tag" {