Preheat your oven to 375°F (190°C).

In a medium bowl, whisk together the all-purpose flour, baking soda, and baking powder.

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

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

Gradually blend the dry ingredients into the wet mixture until the dough comes together.

Roll rounded teaspoonfuls of dough into small balls and place them on ungreased cookie sheets.

Flatten each ball of dough using the bottom of a glass and sprinkle colored sugar or sprinkles on top.

Refrigerate the cookie sheets for about 10-15 minutes.

Bake the cookies in the preheated oven for 8 to 10 minutes until golden around the edges.

Let the cookies cool on the baking sheet for a few minutes before transferring them to wire racks to cool completely.