Prepare Cookie Dough. Cream butter and sugar in a large bowl with an electric or hand mixer until light and fluffy. Beat in egg, vanilla extract, and almond extract.
In a separate bowl, mix together the flour, baking powder, and salt. Add the dry ingredients to the butter mixture 1 cup at a time, mixing in between each cup.
Divide the batter in two balls and set on a floured surface. Roll out each ball with a rolling pin to make each section about 12 inches in diameter and ⅛ inch thick.
Using tree, stocking and present cookie cutters, cut out cookies.
Dip the cookie cutter in flour before carefully cutting out each shape.