I have seen many types of image extensions but have never understood the real differences between them. Are there any links out there that clearly explain their differences?
What coobird and Gerald said.
Additionally, JPEG is the file format name. JPG is commonly used abbreviated file extension for this format, as you needed to have a 3-letter file extension for earlier Windows systems. Likewise with TIFF and TIF.
Web browsers at the moment only display JPEG, PNG and GIF files - so those are the ones that can be shown on web pages.