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In a large bowl, combine butter, sugar, eggs, vanilla, and almond extract using an electric mixer on high high speed until light and fluffy.
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In a separate bowl, combine flour, baking soda, baking powder and salt. Gradually stir the dry ingredients into the butter mixture until well-blended.
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Cover bowl with plastic wrap and chill for 2 hours.
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Preheat oven to 400 degrees.
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Line cookie sheets with parchment paper. Do not grease cookie sheets.
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Roll out dough on a lightly floured surface to 1/4 inch thickness and use cookie cutters to cut out shapes. Extra dough scraps can be re-rolled to make additional cookies.
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Place cookies 2 inches apart on cookie sheets and bake for 5-6 minutes.
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Allow cookies to cool completely on wire wracks before icing.