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Happy New Year would be proper since it's a new year not new YEARS.

On the eve or the first day of the new year, wishing one a Happy New Year's Eve or Happy New Year's Day would be appropriate; however, if the eve or day isn't specified, Happy New Year is correct.

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βˆ™ 12y ago
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βˆ™ 10y ago

It is New Year's Day.

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Q: Is it New Year Day or New Year's Day?
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