This paper presents an investigation of the dynamics of two coupled non-identical FitzHugh-Nagumo neurons with quadratic term and delayed synaptic connection. We consider coupling strength and time delay as bifurcation parameters, and try to classify all possible dynamics. Bifurcation diagrams are obtained numerically or analytically from the mathematical model, and the parameter regions of different behaviors are clarified. The neural system exhibits a unique rest point or three ones by employing the saddle-node bifurcation, when strong coupling is applied in the system. Also the trivial rest point shows transcritical bifurcation with one of the new rest points. The asymptotic stability and possible Hopf and Bautin bifurcations of the trivial rest point are studied by analyzing the corresponding characteristic equation. Fold cycle, torus, fold-torus, and big homoclinic bifurcations of limit cycles, together with 1 : 1 and 1 : 4 resonances are found. The delay-dependent stability regions are illustrated in the parameter plane, through which the double-Hopf, Hopf-transcritical, and double-zero bifurcation points can be obtained from the intersection of different bifurcation branches. Various patterns of multistability have been observed, both for small and large values of delay. The system may exhibit one synchronous together with one or two anti-phase periodic activities, two synchronous and two anti-phase periodic solutions, one synchronous and one anti-phase periodic solution also one equilibrium, and one anti-phase periodic solution and non-trivial eguilibria, which occur due to Hopf, fold cycle and torus bifurcations. Also one synchronous periodic solution and one torus due to fold cycle, torus and Chenciner bifurcations can be seen. By increasing