Credit Card Settlement TO REPORT ON TAXES

I settled with 2 creditcards company Bank Of America and Citi Bank the part that was settled was a total of 22342.85 my income was 22531.90. These were settled in 2009. My question is we file jointly and because we still owe a mortgage we only get back around 2000.00 each year. My husband has an income of around 62000.00 for total of 84531.90 for 2010.That may not be the exact amount of his income but that figure is close.I know we got the forms this year so how much taxes would we have to pay or How get I handled this. My husband knows about this and he will not be happy to say the least. If I filed jointly would that be better. HElp Help Help!!!
they took out only 804.00 in federal on me because of CHANGES THIS YEAR. mY E-MAIL ADDRESS IS deborahs@memcu.com