Step 1: Creating the document and preparing text

Create a new document (File > New) and use any size you want. I'm using 320px x 150px. Next, select a font and type your text. Add any effects you want to the text, such as gradients or colours.

3D Text

Step 2: Transforming the text

After you have rasterized your text, your ready to transform it. With the text layer selected, press CTRL+T, and position your text as if it were in 3D perspective, and press Enter to apply the change. You'll want to achieve an effect as shown below. (This will be the top of the 3D text)

3D Text

Making the text 3D

After you have transformed the text, right click it on the layers list, and press Duplicate Layer. (Alternatively, you could press CTRL+J with the text layer selected.) Now create a new set (  ), and place your duplicated layer into it. Add a bevel and emboss to the duplicated layer (use the default settings). This will help in achieving the 3D effect.

With the duplicated layer selected, hold shift and press the down arrow 2 times. This will move your text layer down by 20 pixels. Now, hold the alt key and ctrl key and press the up arrow 19 times. This duplicates each layer, and nudges it up by 1 pixel each time.

3D Text

This is the end of the 3D effect. If you want to add more effects to it, such as reflections and shadows, continue reading.

Step 3: Adding extra effects

Note: These effects aren't needed, but they provide nice details to the final product. Now that we have the basic 3D effect, we can add more effects to give it a reflection, and an environment. Select the original text layer and add a faint drop shadow to it. Select the layer set, and press CTRL+E (this will merge all the layers inside.) Duplicate the new layer (CTRL+J) which use to be the layer set, and lower its opacity to about 20%. Position it below the 3D text, so it looks like a reflection. There are many tutorials about reflections in our database if you need any more help. On my background layer, I also added a faint gradient instead of just a white backdrop.

Final Result

3D Text