Miley Cyrus and Macklemore
Evan Agostini/Invision/AP; Larry Marano/Getty
is about to cap off her over-the-top year
in a very big way.
The "Wrecking Ball" singer, 21, will be live from New York along with Blondie, Icona Pop and Macklemore & Ryan Lewis when they all perform at Dick Clark's New Year's Rockin' Eve, hosted by Ryan Seacrest
and Jenny McCarthy
Cyrus will be the midnight act, PEOPLE can report exclusively.
Expressing his anticipation of the hyped night culminating in the annual ball drop in Times Square, Seacrest said in a statement: "We are going to have the country's biggest party."
Adds his co-host: "There's nothing like New Year's Eve in New York with the energy and excitement from all of the people that gather throughout Times Square. ... You never know what's going to happen and, as the saying goes, what happens in Times Square is seen by millions of people around the world, so you better keep it classy. Or so they keep telling me."
will host a West Coast version of the night's celebration with previously announced performances by Capital Cities, Daughtry, Jason Derulo, Fall Out Boy, Florida Georgia Line, Ariana Grande, Jennifer Hudson
, Enrique Iglesias, Robin Thicke and The Fray.
Tune into ABC at 8 p.m. ET/PT to catch all the action!