Nadia is single and had taxable income last year of $$40,375.$ At the beginning of the new year, he decided to save $12\%$ of last year's taxable income in a tax $-$deferred savings plan. His company also started a flexible spending account for medical contributions. Asa's medical insurance is $72\mathrm{.}07$ per semi$-$monthly pay. How much can Asa expect to save in taxes this year due to these changes?