diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3c50c581..9a3c7f0b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,6 @@
 # Changelog
 
-## Unreleased
+## v3.49.0 - 2026-03-07
 
 - Fixed included Taskfiles with `watch: true` not triggering watch mode when
   called from the root Taskfile (#2686, #1763 by @trulede).
diff --git a/internal/version/version.txt b/internal/version/version.txt
index 7dd5eda8..549b777e 100644
--- a/internal/version/version.txt
+++ b/internal/version/version.txt
@@ -1 +1 @@
-3.48.0
+3.49.0
diff --git a/website/src/docs/changelog.md b/website/src/docs/changelog.md
index 058e96ad..6822e1e1 100644
--- a/website/src/docs/changelog.md
+++ b/website/src/docs/changelog.md
@@ -8,6 +8,22 @@ editLink: false
 
 ::: v-pre
 
+## v3.49.0 - 2026-03-07
+
+- Fixed included Taskfiles with `watch: true` not triggering watch mode when
+  called from the root Taskfile (#2686, #1763 by @trulede).
+- Fixed Remote Git Taskfiles failing on Windows due to backslashes in URL paths
+  (#2656 by @Trim21).
+- Fixed remote git Taskfiles timing out when resolving includes after accepting
+  the trust prompt (#2669, #2668 by @vmaerten).
+- Fixed unclear error message when Taskfile search stops at a directory
+  ownership boundary (#2682, #1683 by @trulede).
+- Fixed global variables from imported Taskfiles not resolving `ref:` values
+  correctly (#2632 by @trulede).
+- Every `.taskrc.yml` option can now be overridden with a `TASK_`-prefixed
+  environment variable, making CI and container configuration easier (#2607,
+  #1066 by @vmaerten).
+
 ## v3.48.0 - 2026-01-26
 
 - Fixed `if:` conditions when using to check dynamic variables. Also, skip
@@ -1480,4 +1496,4 @@ document, since it describes in depth what changed for this version.
 
 - Add LICENSE file
 
-:::
+:::
\ No newline at end of file