Combine butter and powdered sugar in a large stand mixer.
Using the paddle attachment, beat the butter and sugar until combined.
Add the milk, vanilla extract, and almond extract.
Beat the mixture again for about 3-5 minutes or until the frosting is light and fluffy.
Can be used immediately to frost cut out sugar cookies. This frosting can also be frozen for up to 3 months. Defrost at room temperature for at least 4 hours before spreading onto sugar cookies.