diff --git a/CONTRIBUTING.md b/CONTRIBUTING.md
index 0a1fe77a06d7..bc80bac4ddf0 100644
--- a/CONTRIBUTING.md
+++ b/CONTRIBUTING.md
@@ -117,7 +117,11 @@ hard-linked extension modules, and the builtins. The `VERSIONS` file lists
 the versions of Python where the module is available.
 
 We accept changes for future versions of Python after the first beta for that
-version was released.
+version was released. We drop support for a Python version three months
+after it reaches [end-of-life](https://devguide.python.org/versions/). This
+means that we will no longer actively test the stubs against that version.
+After six months, we will remove the stubs for that version and start
+to use syntax and typing features not supported by that version.
 
 ### Third-party library stubs
 
diff --git a/README.md b/README.md
index 9f35705d6c02..9776813d07ea 100644
--- a/README.md
+++ b/README.md
@@ -21,7 +21,7 @@ the project the stubs are for, but instead report them here to typeshed.**
 Further documentation on stub files, typeshed, and Python's typing system in
 general, can also be found at https://typing.readthedocs.io/en/latest/.
 
-Typeshed supports Python versions 3.8 and up.
+Typeshed supports Python versions 3.8 to 3.13.
 
 ## Using