IFSRED is a general-purpose library for reducing data from integral field spectrographs (IFSs). For a general IFS data cube, it contains IDL routines to: (1) find and apply a zero-point shift in a wavelength solution on a spaxel-by-spaxel basis, using sky lines; (2) find the spatial coordinates of a flux peak; (3) empirically correct for differential atmospheric refraction; (4) mosaic dithered exposures; (5) (integer) rebin; and (6) apply a telluric correction. A sky-subtraction routine for data from the Gemini Multi-Object Spectrograph and Imager (GMOS) that can be easily modified for any instrument is also included. IFSRED also contains additional software specific to reducing data from GMOS and the Gemini Near-Infrared Integral Field Spectrograph (NIFS).