Preheat your oven to 375°F (190°C).

In a bowl, whisk together the flour, baking soda, baking powder, and salt. Set aside.

In a large mixing bowl, cream together the softened butter and sugar until smooth and fluffy.

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

Gradually blend in the dry ingredients until just combined. If the dough is too dry, add milk as needed.

Roll out the dough to about 1/4 inch thick on a floured surface. Cut out shapes with cookie cutters.

Place the cut-out cookies on ungreased baking sheets and sprinkle with colored sprinkles if desired.

Bake for 8 to 10 minutes until the edges are lightly golden. Let cool slightly before transferring to wire racks.

Once cooled, decorate with icing and additional sprinkles as desired.