Peel and Core peaches and put them in the bowl of Instant Pot, add lemon juice.
Set Instant Pot on Pressure/Manual for 15 minutes. Set up a water bath canner with jars to heat up on the back burner to warm up.
Changes setting to saute and add sugar and pectin. If adding bourbon, mix it in here. Then mix in Sugar and Peaches together and cook down the peaches until they start getting Jammy.
Remove from heat. If adding Vanilla Paste, add here and mix. Ladle into prepared jars. Once jars are sealed, put in hot water, and process for 10 minutes- Add additional time for higher altitudes. Start timer when water is boiling.
Remove jars from water bath and place on a towel or cooling wrack.