For the first time, cobalt ferrite spinel (CoFe2O4) was used as a catalyst in the Fenton process for Remazol Red RR dye degradation in water. CoFe2O4 was synthesized via gel combustion using tris(hydroxymethyl)aminomethane as an alternative fuel in one step with a ratio of Ψ = 0.8. Its structural, surface optics, magnetic properties, and the optimal conditions of the Fenton reagents for dye degradation were evaluated. The saturation magnetization and remanence (Ms and Mr, respectively) for the as-prepared powder were 65.7 emu/g and 30.4 emu/g, respectively, and the coercivity (Hc) was 1243 Oe, indicating its ferromagnetic nature and suitability as a magnetic catalyst. Red Remazol RR dye degradation tests were performed using the Fenton process to evaluate the influence of the catalyst dosage and H2O2 concentration. The tests were performed in a batch reactor in the dark with constant agitation for 24 h. The best result was obtained using 1 g/L of catalyst with a dye degradation of 80.6%. The optimal concentration of H2O2 (1.0 M) resulted in 96.5% dye degradation. Nanoparticle recyclability testing indicated that the material could be satisfactorily reused as a catalyst for at least three cycles. The potential use of the CoFe2O4 synthesized in this study as a catalyst for dye degradation by the Fenton process was demonstrated.