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1
Sift first 3 ingredients into medium bowl.
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2
Using electric mixer, beat 1 cup butter and 2/3 cup sugar in large bowl until smooth.
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3
Beat in 1 teaspoon vanilla extract and almond extract.
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4
Beat in flour mixture until just blended.
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5
Gather dough together; divide in half.
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6
Flatten each half into disk, wrap in plastic, and chill overnight.
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7
(Can be made 2 days ahead.
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8
Keep chilled.
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9
Soften dough slightly at room temperature before rolling out.)
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10
Position rack in center of oven and preheat to 325F.
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11
Line 2 large baking sheets with parchment paper.
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12
Working with 1 disk at a time, roll out on lightly floured surface to scant 1/4-inch thickness.
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13
Cut out cookies with assorted cutters.
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14
Transfer cookies to prepared baking sheets, spacing 1 inch apart.
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15
Gather scraps and roll out on lightly floured surface; cut out additional cookies.
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16
Repeat until all dough is used.
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17
Bake cookies, 1 sheet at a time, until edges and bottoms are light golden, about 16 minutes.
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18
Cool on sheets 5 minutes.
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19
Transfer to rack; cool completely.
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20
Sift powdered sugar into medium bowl.
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21
Using electric mixer, beat in 1/4 cup butter, 1/2 teaspoon vanilla, and enough milk by teaspoonfuls to form thick icing.
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22
Spread thinly onto cookies.
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23
Decorate as desired.
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24
Let stand until set, about 2 hours.
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25
(Can be made 3 days ahead.
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26
Store between waxed paper in airtight container at room temperature.)