A handgun bushing tool to facilitate the safe removal and replacement of a barrel bushing on a handgun such as a Model 1911, 1911-A1, 2011 type semiautomatic pistol using a single stack or staggered double-column magazine and having a barrel that requires a bushing and recoil spring plug to secure it. The tool has a handle with an aperture conforming to the shape of a barrel bushing; a hole conforming to the shape of a recoil spring plug and a lever assembly with a reversible handle that allows for pressure to be placed on the recoil spring and plug during the disassembly and assembly process. The tool also incorporate an alternate cutout in the handle which allows for a removable insert to be placed in the handle so as to allow for inserts of different types to accommodate differently shaped bushings made by a number of different manufacturers.