Unable to overwrite jps, pngs, etc.

[Cobra.Blade]

I'm using Photoshop Elements 2024 on macOS, and can save and overwrite PSD files just fine.

However, when I go to save over a jpg, png (or possibly other formats too) it'll give me a 

Replace option, but upon selecting it, it'll still create a copy leaving the original untouched.

[Glenn 8675309]

That's a good thing.   You should never ever overwrite your original anyway.