Preheat your oven to 375°F (190°C).

In a small bowl, combine the all-purpose flour, baking soda, and baking powder. Whisk until completely blended.

In a large mixing bowl, cream the softened butter and white sugar together on medium speed until smooth and fluffy, about 3 to 5 minutes.

Add the egg, vanilla extract, and almond extract to the butter-sugar mixture. Mix until fully combined.

Gradually add the dry ingredient mixture into the wet ingredients. Mix on low speed until just combined; do not overmix.

On a floured surface, roll out the dough to about 1/4-inch thickness. Use cookie cutters to create various shapes.

Place your cut-out cookies onto ungreased baking pans, leaving a small space between each cookie.

Bake in the oven for 8 to 10 minutes or until golden around the edges. The centers may look soft but will firm up as they cool.

Allow the cookies to cool on wire racks before decorating.

Once the cookies are completely cooled, use royal icing to decorate and add colorful sprinkles.