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Preheat oven to 300°F.
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In food processor:
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Mix together flour, 1/2 cup powdered sugar, and ground almonds.
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Add in butter, and extracts and pulse until dough comes together.
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In mixer:
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Cream butter and extracts.
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Add in flour, 1/2 cup powdered sugar, and ground almonds.
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Forming crescents:.
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I use a small ice cream scoop, after scooping out a level scoop of dough I cut it in half, press down and shape in to crescent about 1/8-inch thick.
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You can also roll the dough into ropes and cut into about 1 1/2-inch lengths and shape it into a crescent, adjust thickness of crescent to your preference.
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This dough doesn't spread much so you can put them close together. Bake 15 - 20 minutes until just starting to get golden around the edges (I cook mine a little longer because I like them a little crispy, my kids like theirs softer).
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Cool until barely warm, then coat with extra powdered sugar. You may need more than a cup.
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Store in airtight container.