In a medium bowl, combine the softened butter and cream cheese with a hand mixer until light and fluffy. Add the vanilla and mix to combine. Gradually add the powdered sugar a little at a time so that it doesn’t create a messy cloud. One it is all combined well, turn the speed up on the mixer and give it a good whip for about 30 seconds to a minute. This will lighten it up a bit.

Scoop into a piping bag or sturdy ziplock bag and cut off a corner to pipe the frosting on to your cooled cupcakes.