diff --git a/bumpversion/cli.py b/bumpversion/cli.py
index d627d702..48097d5c 100644
--- a/bumpversion/cli.py
+++ b/bumpversion/cli.py
@@ -75,11 +75,57 @@
 ]
 
 
+def _handle_tag_only(known_args):
+    explicit_config = getattr(known_args, "config_file", None)
+    config_file = _determine_config_file(explicit_config)
+    vcs_info = _determine_vcs_usability()
+    defaults = _determine_current_version(vcs_info)
+    config, _config_file_exists, _config_newlines, part_configs, _files = _load_configuration(
+        config_file, explicit_config, defaults,
+    )
+    version_config = _setup_versionconfig(known_args, part_configs)
+    current_version = version_config.parse(known_args.current_version)
+    context = dict(
+        itertools.chain(
+            time_context.items(),
+            prefixed_environ().items(),
+            vcs_info.items(),
+            special_char_context.items(),
+        )
+    )
+    context["current_version"] = version_config.serialize(current_version, context)
+    context["new_version"] = context["current_version"]
+
+    tag_name = defaults.get("tag_name", "v{new_version}").format(**context)
+    tag_message = defaults.get("tag_message", "Bump version: {current_version} → {new_version}").format(**context)
+    sign_tags = defaults.get("sign_tags", False)
+
+    vcs = None
+    for vc in VCS:
+        if vc.is_usable():
+            vcs = vc
+            break
+
+    if vcs is None:
+        logger.warning("No usable VCS found; cannot tag.")
+        return
+
+    logger.info("Tagging '%s' %s in %s", tag_name,
+                "with message '{}'".format(tag_message) if tag_message else "without message",
+                vcs.__name__)
+    vcs.tag(sign_tags, tag_name, tag_message)
+
+
 def main(original_args=None):
     # determine configuration based on command-line arguments
     # and on-disk configuration files
     args, known_args, root_parser, positionals = _parse_arguments_phase_1(original_args)
     _setup_logging(known_args.list, known_args.verbose)
+
+    if known_args.tag_only:
+        _handle_tag_only(known_args)
+        return
+
     vcs_info = _determine_vcs_usability()
     defaults = _determine_current_version(vcs_info)
     explicit_config = None
@@ -199,6 +245,13 @@ def _parse_arguments_phase_1(original_args):
         help="Don't abort if working directory is dirty",
         required=False,
     )
+    root_parser.add_argument(
+        "--tag-only",
+        action="store_true",
+        default=False,
+        dest="tag_only",
+        help="Tag the current HEAD with current_version from config without bumping or committing.",
+    )
     known_args, _ = root_parser.parse_known_args(args)
     return args, known_args, root_parser, positionals