The magnetically assisted chemical separation process (MACS) combines the selective and efficient separation afforded by chemical sorption with the magnetic recovery of ferromagnetic particles. This process is being developed for treating the underground storage tanks at Hanford. These waste streams contain cesium, strontium, and transuranics (TRU) that must be removed before this waste can be disposed of as grout. The separation process uses magnetic particles coated with either 1) a selective ion exchange material or an organic extractant-containing solvent (for cesium and strontium removal) or 2) solvents for selective separation of TRU elements (e.g., TRUEX process). These coatings, by their chemical nature, selectively separate the contaminants onto the particles, which can then be recovered from the tank using a magnet. Once the particles are removed, the contaminants can either be left on the loaded particles and added to the glass feed slurry or stripped into a small volume of solution so that the extracting particles can be reused. The status of the chemistry and separation process is discussed in this paper.