The International Bluegrass Music Awards is an award show for bluegrass music presented by the International Bluegrass Music Association (IBMA). Awards are voted based on professional membership in the IBMA.

For a professional in the bluegrass music field, election to the International Bluegrass Music Hall of Fame is the highest honor the genre can bestow. An invitation can be extended to performers, songwriters, promoters, broadcasters, musicians, and executives in recognition of their contributions to the development of bluegrass music worldwide. The hall of fame honor was created in 1991 by the International Bluegrass Music Association and the inductees are honored annually at the International Bluegrass Music Awards ceremony. The Hall's first inductees were Bill Monroe, widely considered as the founder of the genre, and Lester Flatt and Earl Scruggs, two of bluegrass music's most pioneering and influential artists. Roy Acuff, the first living artist to join the Hall of Fame, was elected in 1962. The most recent inductees are Sam Bush, Wilma Lee Cooper, and David Grisman. The Hall itself is maintained at the Bluegrass Music Hall of Fame & Museum in Owensboro, Kentucky. The institution received its current name in 2007, and was known prior to this as the International Bluegrass Music Hall of Honor.