Preheat your oven to 350°F (175°C).
In a medium bowl, whisk together the all-purpose flour, baking powder, baking soda, and salt. Set aside.
In a large mixing bowl, using an electric mixer, beat the softened unsalted butter, granulated sugar, and cream cheese together until light and fluffy, about 3-4 minutes.
Add the egg, vanilla extract, and almond extract to the butter mixture. Beat until well combined.
Gradually add the dry mixture to the wet ingredients, mixing on low speed until just incorporated.
Gently fold in the sprinkles using a spatula.
Using a cookie scoop, portion out the dough onto a prepared baking sheet, spacing them about 2 inches apart.
Bake for 10-12 minutes or until the edges are lightly golden.
Let cookies cool on the baking sheet for about 5 minutes before transferring to a cooling rack.