Okay so there isn't a proper fix for this yet and there's an open bug here.
I followed the workaround mentioned here and while it's not perfect, it does the job for now.
Check to see that XHC1 and LID0 are enabled. If they are, disabling them will fix the problem. After disabling them, the only way to wake up your computer from suspend is by using the power button.
To do this type to following command (vim can be any cli editor)
sudo vim /etc/systemd/system/suspend-fix.service
Then add the following text and save:
Description=Fix for the suspend issue
ExecStart=/bin/sh -c "echo XHC1 > /proc/acpi/wakeup && echo LID0 > /proc/acpi/wakeup"
And then run the following:
systemctl enable suspend-fix.service
systemctl start suspend-fix.service
Disabling only XHC1 is not recommended if you have this bug, since it may result in glitchy behavior.