Cream together butter and powdered sugar. Add egg. Mix well. Add vanilla & almond extract.
Mix together dry ingredients and add to butter/sugar mixture. Mix well.
Cover and refrigerate at least 2 hours.
Let sit at room temperature for about 10 minutes. Divide dough in half. Roll out on lightly floured surface to desired thickness. Cut with cookie cutters. Bake on ungreased baking sheets at 375 degrees for 7-8 minutes. To keep cookies soft, roll them a little thick, and pull from oven before brown. They will set up a bit after you take them from oven. Frost with desired frosting. Store in airtight container.