diff --git a/dist/index.js b/dist/index.js
index 936dc57..23c0ac1 100644
--- a/dist/index.js
+++ b/dist/index.js
@@ -1141,12 +1141,6 @@ async function run() {
       `git tag --points-at ${branch} ${releasePattern}`
     )).trim();
 
-    if (currentTag) {
-      [major, minor, patch] = parseVersion(currentTag);
-      setOutput(major, minor, patch, 0, false, branch, namespace);
-      return;
-    }
-
     let tag = '';
     try {
       tag = (await cmd(
@@ -1203,7 +1197,9 @@ async function run() {
     if (bumpEachCommit) {
       core.info(history)
       history.forEach(line => {
-        if (line.includes(majorPattern)) {
+        if (currentTag) {
+          [major, minor, patch] = parseVersion(currentTag);
+        } else if (line.includes(majorPattern)) {
           major += 1;
           minor = 0;
           patch = 0;
@@ -1214,6 +1210,7 @@ async function run() {
           patch += 1;
         }
       });
+
       setOutput(major, minor, patch, increment, changed, branch, namespace);
       return;
     }
@@ -1238,6 +1235,16 @@ async function run() {
       patch++;
     }
 
+    if (currentTag) {
+      let tagVersion = parseVersion(currentTag);
+      if (tagVersion[0] !== major &&
+        tagVersion[1] !== minor &&
+        tagVersion[2] !== patch) {
+        [major, minor, patch] = tagVersion;
+        increment = 0;
+      }
+    }
+
     setOutput(major, minor, patch, increment, changed, branch, namespace);
 
   } catch (error) {
diff --git a/index.js b/index.js
index 1a20da4..252f0ec 100644
--- a/index.js
+++ b/index.js
@@ -120,12 +120,6 @@ async function run() {
       `git tag --points-at ${branch} ${releasePattern}`
     )).trim();
 
-    if (currentTag) {
-      [major, minor, patch] = parseVersion(currentTag);
-      setOutput(major, minor, patch, 0, false, branch, namespace);
-      return;
-    }
-
     let tag = '';
     try {
       tag = (await cmd(
@@ -182,7 +176,9 @@ async function run() {
     if (bumpEachCommit) {
       core.info(history)
       history.forEach(line => {
-        if (line.includes(majorPattern)) {
+        if (currentTag) {
+          [major, minor, patch] = parseVersion(currentTag);
+        } else if (line.includes(majorPattern)) {
           major += 1;
           minor = 0;
           patch = 0;
@@ -193,6 +189,7 @@ async function run() {
           patch += 1;
         }
       });
+
       setOutput(major, minor, patch, increment, changed, branch, namespace);
       return;
     }
@@ -217,6 +214,16 @@ async function run() {
       patch++;
     }
 
+    if (currentTag) {
+      let tagVersion = parseVersion(currentTag);
+      if (tagVersion[0] !== major &&
+        tagVersion[1] !== minor &&
+        tagVersion[2] !== patch) {
+        [major, minor, patch] = tagVersion;
+        increment = 0;
+      }
+    }
+
     setOutput(major, minor, patch, increment, changed, branch, namespace);
 
   } catch (error) {
diff --git a/index.test.js b/index.test.js
index da7161f..4ad0519 100644
--- a/index.test.js
+++ b/index.test.js
@@ -90,10 +90,11 @@ test('Tagging does not break version', () => {
 
     repo.makeCommit('Initial Commit'); // 0.0.1+0
     repo.makeCommit(`Second Commit`); // 0.0.1+1
+    repo.makeCommit(`Third Commit`); // 0.0.1+2
     repo.exec('git tag v0.0.1')
     const result = repo.runAction();
 
-    expect(result).toMatch('Version is 0.0.1+0');
+    expect(result).toMatch('Version is 0.0.1+2');
 
     repo.clean();
 });
@@ -501,5 +502,16 @@ test('Bump each commit picks up tags', () => {
     repo.makeCommit('Fourth Commit');
     expect(repo.runAction()).toMatch('Version is 3.0.1+0');
 
+    repo.clean();
+});
+
+test('Increment not affected by matching tag', () => {
+    const repo = createTestRepo({ tag_prefix: '' }); // 0.0.1
+
+    repo.makeCommit('Initial Commit'); // 0.0.1+0
+    repo.makeCommit('Second Commit'); // 0.0.1+1
+    repo.exec('git tag 1.0.0');
+    expect(repo.runAction()).toMatch('Version is 0.0.1+1');
+
     repo.clean();
 });
\ No newline at end of file